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Boskalis-Archirodon Agreement Complete

Royal Boskalis Westminster nv announced on May 22 that it had finalized the alliance with Archirodon Group nv, announced earlier in the year.

Boskalis has acquired a 30 percent stake in Archirodon, an international marine contractor with a strong position in the Middle East. The purpose of the alliance is to strengthen Boskalis’s strategic position in the Middle East and peripheral areas. The stake in Archirodon will contribute a few percentage points to the profit growth of Boskalis in 2001.

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