Koninklijke Boskalis Westminster NV: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Koninklijke Boskalis Westminster NV And Sudamericana Agencias Aereas y Maritimas S.A. Sign Memorandum Of Understanding For Joint Towage Operations
Koninklijke Boskalis Westminster NV announced that it has signed a Memorandum of Understanding (MoU) with Sudamericana Agencias Aereas y Maritimas S.A. (SAAM) for a joint harbour towage operation within the American Continent. The partnership would involve two joint ventures and is between SMIT, a wholly owned subsidiary of Boskalis, and SAAM. The geographic scope of the first joint venture covers the Brazilian towage market. Both companies are currently active in Brazil and Boskalis with SMIT will have a 51% majority share in this joint venture. The combination with a total of 41 tug boats will form an important player in the growing market of Brazil. The second joint venture in which SAAM will hold a 51% majority stake relates to the towage activities in Panama and Canada (SMIT) and Mexico (SAAM). The combination will operate a total number of 55 tug boats.
Latest Developments for Koninklijke Boskalis Westminster NV
- Koninklijke Boskalis Westminster NV to acquire Fairmount
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- Koninklijke Boskalis Westminster NV Raises FY 2013 Net Profit Guidance Above Analysts' Estimates
- Koninklijke Boskalis Westminster NV Completes Sale of Dockwise Yacht Transport Activities
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