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.
Someone shares this article with you
▪ 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.
▪ https://www.africabusinessplus.com/en/800799/peschaud-oil-logistics-interested-in-the-bourbon-takeover/
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.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Maritime transport
30/09/2020 at 06h44, by Africa Business+
Subsea 7 first to benefit from Bourbon’s new service in Angola
The offshore services specialist is launching an integrated logistics offer for its oil company clients,...
Advisory
17/07/2020 at 15h52, by Africa Business+
The defence teams behind Atlantic Ventures (Isabel dos Santos) and Angola at their ICC Paris arbitration
An arbitral tribunal has ruled in favour of the Angolan state in its dispute with Atlantic Ventures,...
Maritime transport
05/06/2020 at 17h06, by Africa Business+, updated 15/01/2021
Bourbon ties up dozens of vessels, largely in the Gulf of Guinea
Bourbon Maritime, a leading offshore services company, is bearing the brunt of a dual crisis.
Maritime transport
08/04/2020 at 16h58, by Thibaud Teillard, updated 17/06/2021
Bourbon forced to reduce fleet operations
Three months after being acquired by five creditor banks, Bourbon is faced with a new market crisis....
Logistics
20/12/2019 at 14h52, by Africa Business+, updated 30/12/2019
Bourbon soon in the hands of five French banks including BNP, SocGen and Natixis
After months of uncertainty surrounding the takeover of the French marine and logistics group, the decision...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.