Boskalis not ruling out future Fugro move - report (translated)
15 DEC 2016
Boskalis chairman Peter Berdowski is not ruling out a new move for Fugro sometime in the future, according to an interview with Dutch daily Het Financieele Dagblad. The acquisition of Fugro by Boskalis recently fell through. According to Berdowski, Fugro was too expensive.
When Boskalis first bought a stake in Fugro, analysts estimated an EBITDA of EUR 350m for Fugro, Berdowski says in the interview.
However, now the EBITDA is EUR 100m and the company's share price has not adjusted, Berdowski said.