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.
With 4,300 professionals and a fleet of 236 owned vessels with 204 units on order, BOURBON is present in more than 25 countries.
BOURBON offers a broad range of offshore oil and gas marine services.
Under the Horizon 2012 plan, BOURBON intends to become the leader in modern offshore oil and gas marine services by offering the most demanding clients worldwide, a full line of innovative, high performance and new-generation vessels and an expanded offer of Subsea Services.
BOURBON also specializes in bulk transport and protects the French coastline for the French Navy. Classified by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed for trading on Euronext Paris, Compartment A, and is included in the Deferred Settlement Service SRD and in the SBF 120 and Dow Jones Stoxx 600 indices.