Paris, July 2, 2008, pdf file
The sale of BOURBON’s interest in the Rigdon companies, announced on May 28 as part of the merger proposal between Ridgon Marine Corporation and Gulfmark Offshore, was completed on July 1.
As the Rigdon companies had so far been accounted for according to the equity method, the sale will have no impact on revenues, nor on BOURBON’s EBITDA.
As previously announced the sale will generate for BOURBON a capital gain on sale of approximately 60 million euros in the second half.