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 July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Marad Visits TX Maritime Technology & Training Center

United States Maritime Administration tours Maritime Technology and Training Center site.   Administrators from the United States Maritime Administration (MARAD),

ISS Announces CEO Transition

Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”).    The current Chief Financial Officer,

CME Lifts Force Majeure for all Illinois River Grain Terminals

CME Group has lifted its declaration of force majeure at all Illinois River terminals that are regular for Chicago Board of Trade corn and soybean futures delivery,

Finance

FURUNO of Japan Increases Investment in ENL

ENL Group and FURUNO Electric Co. Ltd of Japan have announced that FURUNO has increased its investment into the New Zealand company to a total of 29.5%. The

Pressure for Australia Sub Deal Grows

Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on

S.Africa Considering Ship-Based Power Generation

South Africa could deploy power barges using gas to generate electricity to help overcome chronic supply shortages, a senior government official said on Tuesday.

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators 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: 0.1228 sec (8 req/sec)