Dutch dredging firm sells 40% stake in MidEast venture

Boskalis Westminster says stake in maritime contractor Archirodon sold for $190m

(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Dutch dredging and maritime service provider Boskalis Westminster said on Thursday it has sold its 40 percent stake in Middle East maritime contractor Archirodon to its joint venture partner and another investor for $190m.

Boskalis said it will make a book gain of several tens of millions of euros on the sale in the second half of this year.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia spends money to make money

Saudi Arabia spends money to make money

Tour of Asia by Saudi Arabia's King Salman advances drive to...

Soft money: will cash transactions soon be a thing of the past?

Soft money: will cash transactions soon be a thing of the past?

The rapid digitisation of banking in the UAE is enabling robots...

Oman gains breathing space with jumbo $5bn bond sale

Oman gains breathing space with jumbo $5bn bond sale

Order books for the issue totalled $20bn, showing that Oman can...

Most Discussed
sponsoredTracking