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... whilst the activities and results of Kotug Smit Towage were deconsolidated as per 1 April 2019 following the signing of the Letter of Intent