Press release
Boskalis and Kotug complete sale of Kotug Smit Towage to Boluda
Boskalis and Kotug complete sale of Kotug Smit Towage to Boluda Papendrecht, 1 August 2019 Royal Boskalis Westminster N.V. (Boskalis), together... was announced on 4 March 2019. In line with the initial announcement, Boskalis received EUR 93.6 million in cash for its 50% equity stake in the joint.... The Kotug Smit Towage joint venture between Boskalis and Kotug was formed in 2016 which at the time covered 11 ports in 4 countries (the Netherlands