Indofin Group News

Netherlands-based Royal IHC today named and launched new pipelaying sister vessels, Sapura Jade and Sapura Ônix, in ceremonies at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. Sapura Jade’s naming was performed by Belle de Bruin, managing director of the Indofin Group, following the naming of Sapura Ônix by Dahlia Abdul Aziz, spouse of Alex Monsen, JV board member and VP of newbuild/senior vice president of Seadrill. The Sapura Jade was ordered by Sapura Navegação Marítima, a joint venture between SapuraKencana and Seadrill.

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. Rabo Capital has also taken this opportunity to announce that it has reached its strategic goal with IHC Merwede.

A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC Merwede has carried out extensive research over the past few months into the possibility of broadening the shareholding structure. However, the current situation within the global financial markets has resulted in limited opportunities to achieve this. This means that the current structure will now remain in place for the long term. The IHC Merwede shareholders are: Rabo Capital…