# BESIX Group completes takeover of Watpac, proceeds with compulsory acquisition

BESIX Group increased its stake in Watpac to 91.8% via an off-market takeover bid and will proceed with compulsory acquisition of remaining shares. The deal closed on 3 December 2018.

- Type: Acquisition
- Announced: 2018-12-06
- Where: Australia
- Status: completed
- Products: contracting services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [BESIX Group](https://endata.com/companies/9677.md) (acquirer)
- [Watpac](https://endata.com/companies/35933.md) (target)

## Sources

- [besixwatpac.com](https://besixwatpac.com/news/besix-group-to-proceed-with-compulsory-acquisition-following-successful-off-market-takeover-offer-for-watpac), 2018-12-06: "BESIX Group will proceed with compulsory acquisition of all remaining Watpac shares."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.