HAL is finalising the acquisition of additional 13.7 percent of Boskalis shares, increasing its ownership in the company to 98.3 percent. 

In a joint statement, the two companies noted the post-acceptance period expired on September 20, with 17,694,837 shares tendered under the offer representing approximately 13.7 percent of the issued share capital of Boskalis.

Together with the shares already held by HAL, including shares tendered during the acceptance period and shares to which HAL is entitled, this represents a total of 127,181,949 Shares or approximately 98.3 percent of the issued share capital of Boskalis.

Settlement of the shares tendered during the post-acceptance period will take place on September 27, 2022. On that date, the offeror will pay the offer price of €33.00 in cash for each share validly tendered during the post-acceptance period and transferred to the offeror, on the terms set out in the offer memorandum.

As a result of HAL holding more than 95 percent of the shares, Boskalis and HAL will seek to procure the delisting of the shares from Euronext Amsterdam. Boskalis will announce further details on the delisting in due course.

In the fourth quarter of 2022, HAL will commence statutory buy-out proceedings to acquire the remaining shares.