Indofin Acquires Majority Stake in IHC Merwede

MarineLink.com
Monday, July 01, 2013

Indofin Group, the investment company, owned by the De Bruin family, has acquired a majority shareholding of 62% in IHC Merwede. Rabo Capital (10%) and IHC Merwede management and staff (28%) are the other principal shareholders.

Indofin has obtained this significant stake in IHC Merwede by partially taking out each of its coshareholders. Indofin’s Chairman, Cees de Bruin, said, “We have already been a shareholder of this great company for eight years and we are in full support of the current direction that continues to pay off. We only choose to invest in companies with potential for long-term growth and are convinced of the healthy future that lies ahead for IHC Merwede – where I was once employed myself.”

Rabo Capital has also taken this opportunity to announce that it has reached its strategic goal with IHC Merwede. “In 2005, after the split from IHC Caland, we continued to support IHC Merwede,” explained Sipko Schat, a member of the Management Board of Rabobank Nederland. “IHC Merwede is excelling in a highly competitive marketplace, and to our great satisfaction, is achieving healthy results. However, it is time for us to hand over the baton. At the same time, we will stay involved in the company as a shareholder and lender.”

IHC Merwede’s President Govert Hamers welcomes the transfer of shares. “Indofin is a strategic investor that has a clear long-term vision. With this new shareholder structure, IHC Merwede has more clout to strengthen its position in both the historic dredging and offshore markets, as well as in the relatively new renewable energy and wet mining markets.”

IHC Merwede’s Workers Council has given a positive advice to the reorganisation of the share capital.

ihcmerwede.com
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Lawyer: Korea Ferry Owners Accept Responsibilities

The family that has a major stake in companies that control the shipping operator whose ferry sank last week, likely to have killed hundreds, will take social and

Fredriksen Joins Rival for New Capesize Firm

Shipping tycoon John Fredriksen is joining one of its shipping firms with rival Knighsbridge Tankers Ltd to create the largest U.S. listed Capesize firm, which

Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.

Finance

Court: Japan's Mitsui Paid to Release Ship

China Supreme Court says Mitsui pays about $29 mln; Ship released about 0030 GMT Thursday. Ship was seized over dispute dating back to 1930s. Advisor to plaintiffs says will likely demand more money.

Fredriksen Joins Rival for New Capesize Firm

Shipping tycoon John Fredriksen is joining one of its shipping firms with rival Knighsbridge Tankers Ltd to create the largest U.S. listed Capesize firm, which

Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1403 sec (7 req/sec)