Belgium's Besix relaunches Watpac takeover bid

Belgian construction giant Besix has thrown off the gloves in its attempts to get control of Watpac with a $169 million off-market takeover bid in cash.

The 92¢ per share bid comes four months after the Belgian player, already Watpac's largest shareholder, failed in its bid to secure two-thirds ownership of the ASX-listed contractor and mining services group.