Royal Boskalis Westminster has sold all of its remaining stake in Fugro.
Boskalis went from owning 28.6% stake in Fugro at the end of 2015, to 9.38% in December 2016.
The reduction was accomplished through a successful accelerated bookbuild via which 7,932,532 (9.38%) shares were placed with institutional investors at US$ 15.27 (EUR 14.50) per share. The bookbuild commenced on 28 February 2017 after closing of Euronext Amsterdam, Boskalis said today (1 March).
At the time of the accelerated bookbuild in December 2016, Boskalis entered into a 90 days lock-up with the joint bookrunners, who have agreed to waive that lock-up with respect to the shares sold pursuant to this transaction.
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