Royal Boskalis Westminster has cashed out of its investment in South Africa by selling SMIT Amandla Marine to local interests.
The dredging company has banked EUR 50m ($53.1m) from the disposal of its stake.
African Marine Solutions Group (AMSOL) is buying Boskalis' holding and will be in control of 100% of the company.
This will bring SMIT Amandla back under South African ownership, which was the target of the company this year.
Paul
