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payments and debt servicing pending ongoing negotiations with lessors and creditors, in order to focus funds on "operational priorities and market recovery", which "should encourage parties to reach an agreement as soon as possible". In view of the financial difficulties, its shareholders authorize it to postpone for one year an interest payment of approximately 3.9 million euros normally due in April 2018.
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In July 2019, heavily indebted, the group requested the opening of receivership proceedings for its 2 holding companies
Bourbon Corporation and Bourbon Maritime. Which is accepted on August 7. The title of the company collapses on the stock market. On November 8, 2019, the listing of the security is
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agreement with its creditor banks in mid-2017. Without a positive sign of market recovery, the group announced in mid-March 2018 a net loss, group share, of 576.3 million euros for 2017. It reopened these negotiations on April 20, 2018: in agreement with its shareholders, it announced suspended rent
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Bourbon Marine & Logistics: support services for the exploration, development and production of oil and gas fields, in continental and deep offshore: offshore anchoring, towing and positioning; supply and transport of offshore equipment; offshore terminal & FPSO support; integrated logistics
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Faced with the deepest crisis that the oil industry has gone through since the 1990s, Bourbon announced in
February 2018 a strategic action plan "#Bourboninmotion". This plan reorganizes the group's activities into three separate subsidiaries: Bourbon Marine & Logistics, Bourbon Subsea Services
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The
January 2020 disposal causes a "total loss" for the former shareholders. In April 2020, the former holding company (Bourbon Corporation), formerly majority-owned by Jaccar Holdings (which owned 52.8% of the capital on July 14, 2019), was placed in compulsory liquidation. The shares are delisted
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Bourbon sold the port towage business in 2007 and positioned itself in the
Inspection, Maintenance and Repair (IMR) market for offshore oil fields. In 2008, Bourbon acquired DNT Offshore, an Italian company specializing in underwater robot operations. The group then separated from its "ancillary"
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In 1948, the
Bourbon Group was born from the merger of several family companies on the island of Reunion, with a view to reviving the local sugar industry, under the name of Sucreries de Bourbon. It was then directed by Émile Hugot. Its markets are sugar, but also rum, destined for metropolitan
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On
January 10, 2020, Société Phocéenne de Participation (SPP), owned by a group of French banks uniting the creditors representing 75% of the group's debt, acquires 100% of the assets of Bourbon Corporation (including the Bourbon brands) and becomes the group's new majority shareholder. The
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The group separated from its historical activities between 2001 and 2002 and accelerated its refocusing on maritime services by positioning itself with, from 2003, on deep offshore maritime services in Brazil and West Africa and in 2004 on subsea operations by acquiring the company
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in the area of property development. It is a question of exploiting the land heritage inherited by the group's chairman and managing director, Jacques de
Chateauvieux. In 2013, he sold his shares in CBo Territoria to the managers of the property company.
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Bourbon Subsea
Services: 3 main service lines: engineering, supervision and management of subsea operations; support for the development of oil and gas fields; Inspection, Maintenance and Repair (IMR) of offshore structures at depths of up to 4,000
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activities (sweets, bulk transport, etc.) to refocus on offshore maritime services. At the end of 2014, the oil sector was marked by the sudden drop in the price of a barrel of oil, the start of a deep crisis for the entire offshore market.
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In 2005, the
Bourbon Group became BOURBON. The head office, first based in La RĂ©union, in Sainte-Marie, was transferred to Paris in June 2005. Bourbon entered the SBF 120 index of the Paris Stock Exchange in 2006
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finalization of the financial restructuring in
December 2020 brought new shareholders into the capital of the SPP: ICBCL and Standard Chartered Bank with approximately 18% and 10% of the capital respectively .
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Bourbon operates in the field of surface and submarine maritime services, on oil, gas and wind farms. The company has 6,820 employees, and the group is present in more than 30 countries.
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suspended. The court's decision on the takeover of the group comes on December 23, 2019 when only one official offer from the creditor banks has been filed.
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Bourbon Wind: Pre-studies, transport and installation services, field maintenance, repair of floats and personnel transport for floating wind farms
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Bourbon Mobility: personnel transport for platforms at sea, using speedboats, which offers the oil industry an alternative to the helicopter.
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In 1989, the group diversified, first in La RĂ©union, into industrial fishing (1989), mass distribution (1991) and dairy products (1992).
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212:(solid bulk transport) in 1996. In 1998, the Bourbon Group went public, on the Second Market of the Paris Stock Exchange
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Subsequently, the large food distribution subsidiary established itself in the Indian Ocean and in Vietnam with the
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Then, the group continued its diversification in mainland France with the acquisition of 50% of Compagnie
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Then, in December 2017, it was transferred from Paris to Marseilles (with ratification on May 30, 2018).
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Bourbon Maritime is coming out of receivership in December 2020 with a sharp reduction in its debt.
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subsidiary, which was sold in 2005 to the Casino Group (sale that became final in 2007) .
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In October 2020, Bourbon sold Les Abeilles to the Econocom group.
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The offshore market crisis continued and led Bourbon to sign a
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Point of view on Bourbon building in Marseilles, March 2024
200:(Marseilles) in 1991. It thus took control of the company
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