Press release
Boskalis sells terminal activities to Lamnalco for USD 450 million
Boskalis sells terminal activities to Lamnalco for USD 450 million Papendrecht, 1 July 2011
Royal Boskalis Westminster N.V. (Boskalis) has reached an agreement with The Rezayat Group of Saudi Arabia (Rezayat) to sell SMIT's terminal and AHTS transport activities to Lamnalco Ltd (Lamnalco). Boskalis and Rezayat each own a 50% stake in Lamnalco.
Lamnalco will pay approximately USD 450 million for these activities and Boskalis will receive a net