BOURBON: Decision related to BOURBON's proposed investment in the gas sector
17 Mai 2016 - 7:09AM
During its meeting of May 16, 2016, the Board of Directors of
BOURBON acknowledged that the required financing for the
acquisition of the gas activities of JACCAR Holdings would not be
obtained within the timeframe stated in the Framework agreement
governing the investment.
Consequently, the Board of Directors have
decided to remove resolution 4 and 5 (partially) from the agenda of
the Annual Shareholders meeting of May 26, 2016, related to the
ratification of the proposed transaction.
The diversification of BOURBON in this new
activity remains a strategic objective for the company. BOURBON,
illustrating a strong resilience in the low point of the cycle of
the offshore market, is reinforcing its position in its main market
and will be the first to take advantage of the recovery of activity
when it will happen. It will then be able to ensure a new step in
its development.
About BOURBON
Among the market leaders in marine services for
offshore oil & gas, BOURBON offers the most demanding oil &
gas companies a wide range of marine services, both surface and
sub-surface, for offshore oil & gas fields and wind farms.
These extensive services rely on a broad range of the
latest-generation vessels and the expertise of more than 11,000
skilled employees. Through its 34 operating subsidiaries the group
provides local services as close as possible to customers and their
operations throughout the world, of the highest standards of
service and safety.
BOURBON provides two operating Activities
(Marine Services and Subsea Services) and also protects the French
coastline for the French Navy.
In 2015, BOURBON'S revenue came to €1,329.6
million and the company operated a fleet of 511 vessels as of
December 31, 2015.
Placed by ICB (Industry Classification
Benchmark) in the "Oil Services" sector, BOURBON is listed on the
Euronext Paris, Compartment B.
Contacts
BOURBON
Agence relations média Publicis Consultants
Relations investisseurs, analystes,
actionnaires
Vilizara Lazarova James Fraser,
CFA
+33 144 824 634
+33 491 133 545
vilizara.lazarova@consultants.publicis.fr
James.fraser@bourbon-online.com
Communication Groupe Christelle Loisel
+33 491 136 732
christelle.loisel@bourbon-online.com
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