Boskalis announces that it has embarked on a review of its position as shareholder in the strategic joint venture Smit Lamnalco. Boskalis has held a fifty per cent stake in the company since 1964 with the remaining shares held by The Rezayat Group, whom is also reviewing its position.

Boskalis does not comment any further on the statement and says that an update of this review will be provided as soon as there is reason to do so. The notification does include that the statement is made on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014, ‘An issuer shall inform the public as soon as possible of inside information which directly concerns that issuer’).

Smit Lamnalco is a towage and related marine services provider that operates in 25 countries. It has 2500 employees and operates 160 vessels. The Smit Lamnalco head office is in Rotterdam.

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