Dredger Boskalis builds up Smit stake

Dredging group Boskalis has acquired a stake of at least 6.65% in port services company Smit International, the Financieele Dagblad reports.

Boskalis made a €1.1bn offer for Smit on Monday, but the bid was rejected for undervaluing the company. If Boskalis can build up its stake to 10%, it can force a shareholders meeting, the FD says.

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