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Europe Towage and Salvage

Boskalis and Kotug to sell Kotug Smit Towage

Royal Boskalis Westminster and Kotug International have signed a letter of intent to sell their joint venture Kotug Smit Towage for an enterprise value of $340m, after signing a letter of intent with Boluda

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The deal, with an enterprise value of €300m ($340m), will see the towage company become part of the Boluda Group, a family-owned company based in Spain

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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