Ursa, a cutter suction dredger owned by Royal Boskalis Westminster N.V.
AMSTERDAM–Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) Thursday confirmed its earnings outlook for 2012 at an extraordinary meeting of shareholders called to dicusss its takeover of sea transportation company Dockwise NV (DOCKW.AE).
Boskalis sees a 2012 net profit of 230-245 million euros ($300.5 million to $320.2 million) and capital expenditure of EUR300-EUR325 million.
The company raised its earnings outlook on Nov. 16.
At the meeting, Boskalis shareholders will vote for the proposal to let the company issue ordinary shares up to a maximum of 10% of the number of ordinary shares issued at present and to grant rights to subscribe to ordinary shares.
Boskalis said on Dec. 21 that approximately 83.5% of Dockwise shares are committed to Boskalis’s offer. Large shareholders with approximately 50% of the shares have signed irrevocable undertakings.
The offer of EUR18.50 per share values Dockwise at EUR733 million with an enterprise value of approximately EUR1.25 billion.
– Robert van den Oever, (c) 2013 Dow Jones & Company
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,925 members that receive our newsletter.
Have a news tip? Let us know.
(Bloomberg) — An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from...
The Bureau of Ocean Energy Management (BOEM) has granted final approval for the Atlantic Shores South project, marking a significant milestone in offshore wind energy development off the coast of...
(Bloomberg) — The US is concerned Russia may supply missiles to the Houthis in Yemen, an American official said, a move that could stoke further Middle East unrest by strengthening...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,925 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
