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.

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