HAL offer for Boskalis recommended

The move represents an increased offer of €1 per share and values Boskalis at €4.2bn, representing a premium of 32 per cent to the Boskalis closing price on March 9, 2022.

In the initial announcement of a planned takeover by HAL Holding, the company stated that it had no intention of changing the Boskalis management or governance and did not envisage any workforce reductions.

According to local reports, the Boskalis board has concluded that the increased offer is reasonable and fair and recommended to its shareholders that it be accepted.

HAL Holding has been a major shareholder of Boskalis since 1989, retaining 55 per cent of shares in the issued share capital and this new share acquisition move effectively consolidates and expands its interest.