Boskalis sells South African tug unit

Boskalis has made a significant double-digit million dollar figure by selling its stake in SMIT Amandla Marine. The sale was announced already back in March 2016, but the transaction has now been completed.

Photo: Boskalis/PR

Dutch marine group Royal Boskalis Westminster has now finalized the sale of its stake in towage and salvage company SMIT Amandla Marine (SAM).

The sale was announced already back in March 2016, but the transaction has now been completed. The buyers include directors at SAM as well as local investors. SAM is thus once more 100 percent owned by South African stakeholders, informs Boskalis in a press release from the company's headquarters in Papendrecht in The Netherlands.

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