Why DP World is ready to buy Bourbon

Why DP World is ready to buy Bourbon

Between now and the second half of June, at least three bidders are preparing to make a firm offer to buy French shipowner Bourbon (5,000 employees), Africa’s No. 1 operator of offshore oil service vessels. Lazard has been named adviser to assist in the process.  

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            ▪ Why DP World is ready to buy Bourbon

▪ Between now and the second half of June, at least three bidders are preparing to make a firm offer to buy French shipowner Bourbon (5,000 employees), Africa’s No. 1 operator of offshore oil service vessels. Lazard has been named adviser to assist in the process.  

https://www.africabusinessplus.com/en/815977/why-dp-world-is-ready-to-buy-bourbon/

Bourbon, based in Marseille, hired Lazard Bank a few months ago to find new investors. Through a holding company, Société Phocéenne de Participations (SPP), in which they hold a 72% stake, five French banks – BNP ParibasSociété GénéraleNatixisCrédit Mutuel and Crédit Agricole – took control of Bourbon in 2020, following its receivership. They were joined in the SPP by two of Bourbon’s other creditors who own part of its fleet: the Chinese bank ICBC (18%) and the US Standard Chartered (10%).

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