The dredging company explained it is halting the scheme for one year amid uncertain market conditions and its stake building in offshore company Fugro.
To date, 629,123 shares have been repurchased for a sum of EUR 27.7m ($29.5m), suggesting that the programme could be worth of more than EUR 400m in total.
Boskalis’ decision was revealed as it posted net record profit of EUR 490m for 2014, up from EUR 366m.
Heavylift
