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 of 65.49 percent of all the shares in Labroy.