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Hbg News

25 Jun 1999

HBG Unit Wins Offshore Order

Hollandsche Beton Group (HBG) reportedly won a $14 million order from Hague-based Elf Petroland BV to design and build an unmanned offshore gas platform.

11 Apr 2000

Portuguese Dredger Sold

Dutch Koninklijke Boskalis Westminster NV bought fellow dredger Dragapor from the Portuguese government. The unit, which was put up for sale in December, will be merged with Boskalis' local subsidiary Sociedade Portuguesa de Dragagens Lda. No financial details of the deal were disclosed. Dragapor has about 20 employees and a fleet consisting of two dredgers, some barges, a cutter suction dredger, a hopper dredger and a lift barge. Boskalis, the world's largest dredger, said the acquisition would be of economic importance to its position in southern Europe and fitted its policy of home market positioning. Earlier this year, Boskalis launched a 643 million euro ($620 million) hostile bid for Dutch construction and dredging firm Hollandsche Beton Groep (HBG).

27 Jun 2001

HBG, Ballast Nedam Combine Dredging Ops

Dutch construction firms Hollandsche Beton Groep (HBG) and Ballast Nedam signed a contract to merge their dredging operations. The joint operation, Ballast HAM Dredging, would have sales of 635 million euros ($548 million) and about 2,000 employees. Ballast, a relatively small player in dredging, said it would hold a third of the shares in the new company which would see it achieving its required industry scale. HBG's move has angered a substantial number of its shareholders, although it believes it does not require their approval. On Tuesday, HBG shareholders said they would request a court inquiry into the firm's strategy after HBG said the planned deal with Ballast was irreversible.

20 Sep 1999

Dredging Firms Play Down Talk Of Contracts

Two Dutch dredging firms played down market talk that they were about to place sizeable shipbuilding contracts with IHC Caland. Dredging and construction firm Ballast Nedam said it was considering ordering a jumbo dredging ship as economic growth in Southeast Asia recovered, "but we haven't approached any shipyards yet," said spokeswoman Nel de Geus. Builder HBG repeated a statement made at its first half results presentation on Sept. 2. "We gave our unit HAM permission to order a jumbo dredger before the end of 1999...from a Dutch ship yard...This could be IHC Caland," HBG spokesman Arno Pronk said. He added HBG would make it public if a contract were signed.