Home  »  Pressroom »  March 15th 2007 Press Release

Valuation of the sell option for the 30% of Vindemia still held by BOURBON

Paris, March 15th, 2007, pdf version

BOURBON reminds you that it still holds a 30% interest in the VINDEMIA capital, for which it holds options to sell the shares to Groupe Casino in 2007, 2008 or 2009.

BOURBON draws the public’s attention to the fact that the valuation of the Vindemia Put announced by Groupe Casino when releasing its annual financial statements on 15 March 2007 could not be determined on the basis of the closeout of the Vindemia financial statements for 2006, on which the supervisory board has not yet made its required decision.

You should note that Vindemia company has been consolidated in the BOURBON financial statements on the basis of the equity method since 1st October 2005.

About BOURBON

With 4700 professionals and a fleet of 265 owned vessels, BOURBON offers, in more than 25 countries, a broad range of offshore oil and gas marine services, towage, assistance, salvage and bulk shipping.

By 2010, in line with its strategic plan BOURBON intends to become the leader in modern offshore oil and gas marine services by offering the most demanding international clients worldwide the services of a full line of new generation, innovative and high-performance vessels.

Classified by Euronext in the "Oil Services" sector, BOURBON is listed on Eurolist Paris, Compartment A and is included in the Deferred Settlement Service (SRD) and the SBF 120 and Dow Jones Stoxx 600 indices.

Publicis consultants
Press Relations
Axel Bavière
+33 (0)1 44 43 73 11
axel.baviere@consultants.publicis.fr
BOURBON
Investors Relations
Patrick Mangaud
+33 (01) 40 13 86 09
patrick.mangaud@bourbon-online.com
Communications Department
Christa Roqueblave
+33 (01) 40 13 86 06
christa.roqueblave@bourbon-online.com