Koninklijke Boskalis Westminster NV (BOSN.AS) Key Developments | Reuters.com
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Koninklijke Boskalis Westminster NV (BOSN.AS)

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Latest Key Developments (Source: Significant Developments)

Boskalis signs LOI to buy offshore activities from Volkerwessels
Monday, 7 Mar 2016 01:00am EST 

Boskalis:Has signed a letter of intent (LOI) to acquire offshore activities from Volkerwessels.Will acquire remaining 50 pct share in VBMS.Pro forma impact on Boskalis order book as per year-end 2015 is more than 600 million euros.It is intention to close this transaction in Q2 of 2016.  Full Article

Boskalis consortium wins bid for dredging & reclamation
Friday, 4 Mar 2016 08:52am EST 

Boskalis:Boskalis consortium preferred bidder for dredging & reclamation of Fehmarnbelt Project (tunnel connecting Denmark and Germany).Fehmarnbelt link construction contract value to Boskalis is approximately EUR 300 million.Contract is conditional to obtaining the outstanding environmental permits (to be issued by the German govt) which are not expected to be issued before 2017.  Full Article

Boskalis and KOTUG establish harbor towage joint venture‍
Wednesday, 23 Dec 2015 02:40am EST 

Boskalis:Boskalis and KOTUG establish European harbor towage joint venture‍.Combined operations will be transferred to a 50/50 joint venture​.MoU signed by parties in late 2014 has now been formalized​.‍50/50 joint venture to bring together European harbor towage activities of Smit, a Boskalis subsidiary, and KOTUG.Operations will continue under the name KOTUG SMIT Towage.Financial close will take place in the first quarter of 2016, followed by the operational integration.Financial close will free up around 90 million euros in cash for Boskalis, primarily as a result of refinancing operations.  Full Article

Boskalis comments on FY 2015 net profit guidance
Friday, 13 Nov 2015 02:15am EST 

Boskalis:Expects full year 2015 net profit lower than in 2014 (490 million euros).  Full Article

Boskalis Westminster joint venture VBMS awarded cabling contracts for Galloper Offshore Wind Farm
Friday, 30 Oct 2015 04:28am EDT 

Boskalis:Joint venture VBMS awarded cabling contracts for Galloper Offshore Wind Farm.Total value of contracts to VBMS is approximately 200 million euros.Installation of first export cable is scheduled for 2016, followed by installation of second export cable and inter-array cables in 2017.  Full Article

Koninklijke Boskalis Westminster awarded 100 million euro tender
Tuesday, 15 Sep 2015 09:37am EDT 

Boskalis:Says Hollands Noorderkwartier district water board (HHNK) found Boskalis best submitter of dikes tender.Tender to reinforce over 33 kilometers of dike around Markermeer lake between towns of Hoorn and Durgerdam, Netherlands.Contract represents a value of approximately 100 million euros ($113 million) for Boskalis.Work will be executed in conjunction with Volkerwessels companies KWS Infra and Van Hattum en Blankevoort, with(HHNK) as alliance partner.  Full Article

Boskalis wins construction contract in Netherlands
Monday, 14 Sep 2015 09:53am EDT 

Boskalis:Wins first phase of Marker Wadden development in Netherlands by Department of Public Works.Contract carries a value of 33 million euros ($37.3 million) and work will commence early 2016.  Full Article

Boskalis gives FY 2015 financial guidance
Thursday, 20 Aug 2015 01:02am EDT 

Boskalis:Net profit outlook: FY 2015 net profit lower than 2014 record of 490 million euros.FY net profit: 372.37 million euros - Thomson Reuters I/B/E/S.2015 capital expenditure is expected to amount to 225-250 million euros (from 250-275 million euros), which will be financed from the company's own cash flow.FY 2015: 249.87 million euros - Thomson Reuters I/B/E/S.  Full Article

Boskalis awarded contract in United Kingdom
Tuesday, 30 Jun 2015 03:30am EDT 

Boskalis:Awarded contract for Portsmouth access channel expansion in United Kingdom.Has been awarded contract from defence infrastructure organisation of ministry of defence in United Kingdom.Contract has a value of approximately 35 million euros and activities are due to commence in second half of 2015.  Full Article

Boskalis awarded contract for Veja Mate Offshore Wind Farm
Tuesday, 30 Jun 2015 02:00am EDT 

Boskalis:Awarded contract for Veja Mate Offshore Wind Farm.Contract is in partnership with Volkerwessels (Volker Stevin International).The contract carries a value of approximately 500 million euros , in which Boskalis has a 50 percent share.  Full Article

Weak oil price, end to Suez project hit Boskalis profit

AMSTERDAM, May 10 Dutch marine engineer Boskalis said its first-quarter revenue had declined sharply compared with last year, partly due to the end of the giant Suez Canal enlargement project, and said full-year net profit would be sharply down.