Paris, May 29, 2008, pdf version
Under the merger proposal between Rigdon Marine Corporation and Gulfmark Offshore announced on May 28, BOURBON is to sell its interest in the Rigdon companies.
This sale will be effective on completion of the merger which is due to take place in the 3rd quarter of 2008.
For BOURBON it will generate:
Since January 2006, BOURBON had contributed to the implementation of Rigdon’s financial structure.
As this company has been so far accounted for according to the equity method, the sale will have no impact on revenues nor on BOURBON’s EBITDA.
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.
Classifed by NYSE Euronext 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.