Dutch ports firm readies cap hike

09 Jan 2013

Royal Boskalis Westminster, a Dutch ports contractor, could raise as much as €365m through an equity placing that will help fund the firm’s €1.25bn offer for Dutch oil and gas servicing fleet company Dockwise.

The company has also completed new €1.3bn loan facilities to refinance existing debt and fund the deal, along with existing cash resources.

The equity deal is subject to approval at an EGM on Thursday. Boskalis wants permission to sell new shares representing up to 10% of the share capital. ...

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