Boskalis Ups Stake in Fugro to 25 Pct

first_imgRoyal Boskalis Westminster N.V. (Boskalis) has increased its holding in Fugro N.V. to 25.1%.Boskalis stresses that this is not a step towards making an offer. Boskalis views Fugro as an “interesting company” with strong market positions in its core activities.Earlier this year, Boskalis increased its holding in Fugro to 20 percent, which Fugro characterized as unsolicited stake building, insisting that the company values its independence.According to Boskalis, its strategy is focused on offshore and (maritime) infrastructure, making use of the combination of high end know-how and maritime assets. This fits very well with the activities of Fugro. The two companies have a lot in common in the area of assets, knowledge, capital intensity, global coverage, client base and are both global leaders in niche markets.“This makes Fugro’s position highly sensitive to conflicts of interest in particular in relation to construction and installation contractors. Hence Fugro does not agree with the statement by Boskalis’ statement that Fugro’s activities “fit very well” with Boskalis. Fugro can only maintain its current market leading positions if it remains an independent service provider,” said Fugro in a statement.last_img read more

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Yokota to make comeback at 42

first_imgAfter capturing the national title in 1990 and successfully defending it three times, Yokota faced World Boxing Association super bantamweight champ Wilfred Vasquez of Puerto Rico in November 1993, only to lose a 12-round decision. He retired in 1998. GET THE BEST OF THE JAPAN TIMES Former Japanese super bantamweight champion Hiroaki Yokota will return to the ring and become the oldest Japanese boxer in action, officials of the Japan Boxing Commission said Wednesday.Yokota, who turns 42 on Sunday, has decided to take advantage of the new JBC system which allows a boxer with a national title or world title challenge experience to compete beyond the standard age limit of 37, if the applicant passes a required physical.center_img IN FIVE EASY PIECES WITH TAKE 5last_img read more

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