Transport & Logistics
Peschaud (oil logistics) interested in the Bourbon takeover

Peschaud (oil logistics) interested in the Bourbon takeover

Four takeover offers were submitted on 20 November, the deadline set by the court-appointed receivers as part of the reorganisation proceedings for the two holdings of Bourbon Group: Bourbon Corporation and Bourbon Maritime. Jeune Afrique Business+ explains.

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            ▪ Peschaud (oil logistics) interested in the Bourbon takeover

▪ Four takeover offers were submitted on 20 November, the deadline set by the court-appointed receivers as part of the reorganisation proceedings for the two holdings of Bourbon Group: Bourbon Corporation and Bourbon Maritime. Jeune Afrique Business+ explains.

http://www.jeuneafriquebusinessplus.com/en/800799/peschaud-oil-logistics-interested-in-the-bourbon-takeover/

22/11/2019 at 20h13, by Thibaud Teillard, updated 25/11/2019

The offer submitted by five French banks (BNP Paribas, Société générale, Natixis, Crédit mutuel and the Crédit agricole group), which put together a company with each party holding 19.99%, seems to be the preferred option. It has the backing of the Chinese bank ICBC, the principal owner of Bourbon’s offshore support vessels, and proposes to acquire the assets for the symbolic price of 1 euro in exchange for an equity investment of €150 million ($165m) including €30m ($33m) at the time of the transfer of ownership with €1.4bn in debt transferred into equity and €300m into callable bonds.

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