Royal Boskalis Westminster said it cut its stake in Fugro, though it  remains by far the largest shareholder in the Dutch owner of geophysical, seismic and subsea vessels.

Boskalis cut its stake in Fugro to 24.9% after previously owning 28.6% in the company. Both outfits are listed on the Euronext in Amsterdam.

The dredging and marine services giant's stake in Fugro is still far larger than that of second-largest shareholder NN Groep.