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Besix seals 'bargain' takeover of Watpac

Jan 03, 2019 - Australian Financial Review

New chapter Belgians finally get their way after initial rebuff.

It took most of 2018, but Belgian construction giant Besix finally snared its prey just before Christmas, with the takeover of iconic Queensland construction company Watpac Limited.

December 24 was the final ASX trading day for Watpac, which floated in August 1985 and has a colourful history going back 90 years to the founding of Watkins Pacific Corporation by the Watkins family in 1928.

It could be argued Besix d...