Koninklijke Boskalis Westminster N.V.: Boskalis completes sale of Dockwise Yacht Transport activities

  Koninklijke Boskalis Westminster N.V.: Boskalis completes sale of Dockwise
                          Yacht Transport activities

Papendrecht, 18 October 2013

Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale
of the activities of Dockwise Yacht Transport (DYT). These activities are to
be transferred to Sevenstar Yacht Transport B.V. based in Amsterdam, the
Netherlands.


With the acquisition of Dockwise in March 2013, Boskalis also acquired the
activities of Dockwise Yacht Transport (DYT). DYT's core business is the
transatlantic migration of luxury yachts between Florida, the Caribbean and
the Mediterranean.

For Boskalis, these activities have no strategic value and do not fit with the
group's existing core business. Boskalis sold the DYT activities including 2
dedicated semi-submersible yacht transport vessels (Super Servant 4 and Yacht
Express) for a total consideration of USD40million. This divestment will not
have a material impact on Boskalis earnings.


Royal Boskalis Westminster N.V. is a leading global services provider
operating in the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round solutions to
infrastructural challenges in the maritime, coastal and delta regions of the
world with the construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition, Boskalis
offers a wide variety of marine services and contracting for the offshore
energy sector including subsea, heavy transport, lifting and installation
(through Boskalis Offshore and Dockwise) and towage and salvage (through
SMIT). It also has a strategic partnership in terminal services (Smit
Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in
around 75 countries across six continents. Including its share in
partnerships, Boskalis has more than 11,000 employees.

This press release can also be found on our website www.boskalis.com.



FOR FURTHER INFORMATION

Investor Relations:

Martijn L.D. Schuttevâer

ir@boskalis.com 

Press:

Arno Schikker

press@boskalis.com 

T +31 78 6969310

F +31 78 6969020

PDF version of this press release

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE
HUG#1735934
 
Press spacebar to pause and continue. Press esc to stop.