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Boskalis signs deal to sell its equity stake in SAAM SMIT Towage for USD 201 million

Boskalis signs deal to sell its equity stake in SAAM SMIT Towage for USD 201 million Papendrecht, 11 February 2019 Royal Boskalis Westminster N.V. (Boskalis) has signed an agreement with SAAM S.A. (SAAM) relating to the sale and purchase of the equity stake held by Boskalis in SAAM SMIT Towage. Under the terms of the agreement, the total (100%) enterprise value of SAAM SMIT Towage is valued at USD 560 million. Boskalis expects to receive USD

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Press release

Boskalis and SAAM sign MoU for joint towage operations

the American Continent. The partnership would involve two joint ventures and is between SMIT, a wholly owned subsidiary of Boskalis, and SAAM. The geographic scope of the first joint venture covers the Brazilian towage market. Both companies are currently active in Brazil and Boskalis with SMIT will have... of Brazil. The second joint venture in which SAAM will hold a 51% majority stake relates to the towage activities in Panama and Canada (SMIT) and Mexico

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Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda

Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda Papendrecht, 4 March 2019 Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), has signed a letter of intent (LOI) relating to the sale of Kotug Smit Towage to Boluda Group (Boluda). Under the terms of the LOI, the total (100%) enterprise value of Kotug Smit Towage is valued at EUR 300 million. Boskalis expects to receive

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Press release

Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda

Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda Papendrecht, 4 March 2019 Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), has signed a letter of intent (LOI) relating to the sale of Kotug Smit Towage to Boluda Group (Boluda). Under the terms of the LOI, the total (100%) enterprise value of Kotug Smit Towage is valued at EUR 300 million. Boskalis expects to receive

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Press release

Boskalis update share buyback

industry as well as salvage solutions (SMIT Salvage). Furthermore, Boskalis has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating

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Press release

Boskalis update share buyback

as well as salvage solutions (SMIT Salvage). Furthermore, Boskalis has a number of strategic partnerships in harbor towage and terminal services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment

Read more