Royal Boskalis Westminster is selling its stake in SAAM SMIT Towage in a deal valuing the company at over $500m.
From this perspective the market likes the disposal of the JV entity active in South America and Canada, the indicative price is also seen as attractive
Tijs Hollestelle of ING Financial Markets
The decision by Boskalis to sell its shareholding in the venture comes almost a decade after it took control of SMIT.
