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Green Marine

about 19 years ago

Dubai Drydocks Offers To Buy Singapore Company For S$2.37 Bln

Dubai Drydocks World, a maritime holding company, is making a voluntary conditional cash offer to acquire Singapore’s Labroy Marine Ltd for S$2.37 billion. Drydocks World has received irrevocable undertakings from Labroy’s substantial shareholders to accept the offer from Drydocks World in respect o

1 minutes read

Dubai Drydocks World, a maritime holding company, is making a voluntary conditional cash offer to acquire Singapore’s Labroy Marine Ltd for S$2.37 billion.

Drydocks World has received irrevocable undertakings from Labroy’s substantial shareholders to accept the offer from Drydocks World in respect of 65.49 percent of all the shares in Labroy.

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