Press release
Boskalis reaches financial close on European harbour towage joint venture
Boskalis reaches financial close on European harbour towage joint venture Papendrecht, 7 April 2016
Royal Boskalis Westminster N.V. (Boskalis) and KOTUG International B.V. (KOTUG) announce that the previously announced intended merger of their European harbour towage operations has been completed. At financial close, Boskalis refinanced its contribution to the joint venture and as a consequence has freed up and received EUR 90 million in cash