Dredging firm Boskalis to acquire up to 20% of Chatham Rock in payment for services

Thu, 26 Jul 2012

By Jonathan Underhill July 27 (BusinessDesk) - Royal Boskalis, one of the world’s biggest dredging companies, will acquire up to 20 percent of Chatham Rock Phophate in exchange for the first stage of its work on a project to extract the fertiliser chemical from the sea floor. Boskalis has been issued shares equivalent to 15 percent of the company at a price of 22 cents apiece and, subject to shareholder approval in September, will be issued further stock that would take its holding to 19.9 percent, said Chatham Rock managing director Chris Ca...

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