HAL and Boskalis plan to delist from the Euronext Amsterdam on completion of the former’s statutory buy-out that will see it hold more than 95 percent of the issued and outstanding ordinary shares in the Dutch dredging and heavy lift company.

As HLPFI reported here, HAL increased its takeover offer for Boskalis to EUR22 (USD33) per share during August, prompting the company to recommend shareholders accept the offer and tender their shares.

In September, it was confirmed that HAL will commence the buy-out proceedings in the fourth quarter of this year.

Boskalis said it expects delisting to occur shortly following the post-settlement extraordinary general meeting (EGM) on November 7.

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