Independent journal on economy and transport policy
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The Boskalis Dutch anticipates an offer for the acquisition of the entire capital stock of the Dockwise compatriot
The previewed value of the transaction is of 682 million euros
November 26, 2012
The Dutch group Royal Boskalis Westminster has advanced a proposal of offer for the acquisition of the entire capital stock of the Dockwise compatriot based on a price of 17,2 euros for each action, for total 682 million euros.
Dockwise Ltd., than work through the branches Dockwise BV, Dockwise Yacht Transport LLC, Offshore Kinematics Inc. and Ocean Dynamics LLC, has beyond 1.300 dependent, is equipped of a fleet of 19 semisubmersible ships and is specialized in the marine transport and the installation of systems, platforms and great structures onshore and offshore. The Boskalis group, that it has about 14.000 dependent and a fleet of beyond 1.100 means between dredges, tugs and ships support, work activity of dredging, rescue and harbor tug, terminalistiche activities and offer services to marine infrastructures through Offshore the Boskalis branches, SMIT, Archirodon and Smit Lamnalco.
"The union of Boskalis and Dockwise - the managing director of Boskalis has commented, Peter Berdowski - offers to advantages and new opportunity to both the companies. The union creates a marine player world-class, optimally placed for the market of the offshore energy. This initiative is framed in our strategy of stiff increase to widen our offer of services for the customers of the field of the oil and the gas. We are convinced that the addition of Dockwise to our group - has concluded - will create value structurally, as also we have demonstrated with the SMIT (society that Boskalis has acquired in 2010 - on November 12, 2009 and 25 January 2010, ndr)".
Main shareholders of the Dockwise are the Dutch HAL Investments, that she stops 31.7% of the capital of Dockwise let alone 33.9% of the capital of the same Royal Boskalis Westminster and 48.1% of the capital stock of the terminalista group Dutch Vopak, and the investment trust Sankaty Advisors, that she possesses 11.2% of Dockwise. Boskalis has specified that HAL Investments has confirmed own approval to the takeover on Dockwise.
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