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Court ruling could result in major payout for CMB

Court ruling could result in major payout for CMB

by Mariska Buitendijk | Sep 12, 2024 | News, Shipping, Tankers

CMB has announced that most claims by FourWorld Capital Management regarding the takeover of Euronav were rejected by the Market Court in Belgium. At the same time, FourWorld is happy that the court agrees that the share price paid was too low and could result in an...
Boskalis to acquire all shares in Smit Lamnalco

Boskalis to acquire all shares in Smit Lamnalco

by Mariska Buitendijk | Jul 9, 2024 | News, Towage

Royal Boskalis has signed an agreement to acquire all remaining shares (fifty per cent) in Smit Lamnalco. Smit Lamnalco offers terminal services and had an annual revenue of approximately USD 275 million and EBITDA of USD 100 million in 2023. Smit Lamnalco started...
Frontline-Euronav deal sealed: Frontline acquires tankers for shares

Frontline-Euronav deal sealed: Frontline acquires tankers for shares

by Mariska Buitendijk | Oct 9, 2023 | News, Shipping, Tankers

After the plans were already announced last week, Frontline now says an agreement has been reached to resolve the deadlock in Euronav. Frontline will acquire 24 VLCCs in exchange for its shares in Euronav, which will pass to Euronav’s largest shareholder, Compagnie...
MSC to acquire towage company Rimorchiatori Mediterranei

MSC to acquire towage company Rimorchiatori Mediterranei

by Mariska Buitendijk | Oct 24, 2022 | News, Shipping, Towage

Mediterranean Shipping Company (MSC) plans to acquire all of the share capital of Rimorchiatori Mediterranei S.p.A. Rimorchiatori is an international leading towage operator active in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia. MSC will acquire the...
HAL will soon hold 82.2% of Boskalis’ shares as offer declared unconditional

HAL will soon hold 82.2% of Boskalis’ shares as offer declared unconditional

by Mariska Buitendijk | Sep 8, 2022 | Dredging, Heavy lift, Land reclamation, News, Offshore, Offshore wind, Project cargo, Salvage, Shipping, Towage

HAL has declared its offer for all outstanding shares of Boskalis unconditional at EUR 33.00 and has so far accumulated about 82.2 per cent of all shares. The investor intends to turn Boskalis into a private company as soon as it has 95 per cent of the shares. During...
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