Axeco Corporate Finance is pleased to advise the Management Board of Boskalis

The all-cash public offer by HAL Investments for Royal Boskalis Westminster N.V.

Royal Boskalis Westminster N.V. (Boskalis) and HAL Holding N.V. (HAL Investments) have reached an agreement on the non-financial terms of HAL’s all-cash offer of €32.50 (cum dividend) per share; Boskalis neutral on price

The all-cash public offer by HAL Investments for Royal Boskalis Westminster N.V.

All-cash public offer by HAL Investments for all Shares at an offer price of € 32.50 (cum dividend) per Share, adjusted to € 32.00 for the € 0.50 cash dividend paid in May 2022 by Boskalis. The offer price (prior to adjustment) represents a premium of 28% to both the pre-announcement closing price and 3-month value-weighted average price.

The Boskalis Boards present the Offer to the Boskalis Shareholders with a neutral view on the Offer Price. Boskalis and HAL have agreed on certain Non-Financial Covenants, in line with HAL’s previously announced intentions. HAL supports the current business strategy and endorses the ESG principles and policies of Boskalis.

About Boskalis
Boskalis is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such
as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world.

About HAL
HAL is the Dutch investment subsidiary of HAL Holding N.V., an international investment company that is listed on the Amsterdam Stock Exchange via HAL Trust. HAL has a diverse portfolio of internationally active companies.

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