Bourbon Sells Sugar Assets in Vietnam

Monday, April 23, 2007
In accordance with the objectives of the 2003-2007 strategic plan, BOURBON is disposing of its nonmarine service operations and is selling its sugar assets in Vietnam. Following the incorporation of Sucrerie de Bourbon Tay Ninh (Vietnam) as a joint stock company, Bourbon is announcing the sale of 49% of its stake, with a commitment to retain the balance for a period of three years. Firstly, 24% of the shares have been sold today to strategic Vietnamese investors and investment funds for an exchange value of approximately 36 million euros. Secondly, a maximum of 20% of the shares will be sold in the very near future on the Hô-Chi-Minh City Stock Exchange, by auction, for an estimated minimum exchange value of approximately 32 million euros. Finally, shares representing 5% of the company will be sold, under favorable terms, to the Sucrerie de Bourbon Tay Ninh employees and sugar cane growers, for an exchange value of approximately 6.4 million euros. This operation marks the final steps in BOURBON’s focus on its marine services.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Maersk Drilling Rig Team Train Local Talent

Maersk Drilling says that its 'Mærsk Deliverer' rig team has initiated seven local acceleration programmes in Angola. The goal is to train and develop local talent

BWTS SeaCURE Gains USCG AMS Acceptance

Evoqua Water Technologies LLC says that its SeaCURE Ballast Water Treatment System (BWTS) has been granted AMS Acceptance in all salinities. System highlights

Navy

Aircraft Carrier Hull Ready for Delivery

A large section of HMS Prince of Wales has been loaded out of its dock hall in Portsmouth ready for delivery to Rosyth for final assembly of the second Queen Elizabeth Class aircraft carrier to begin.

Today in U.S. Naval History: August 19

Today in U.S. Naval History - August 19 1812 - USS Constitution captures HMS Guerriere. 1812- Devastating hurricane struck the Navy's New Orleans station,

Nuship Canberra Embarks on Final Sea Trials

Nuship Canberra, the first of two Landing Helicopter Dock (LHD) ships being built for the Australian Defense Force, has sailed on her final contractor sea trials

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1274 sec (8 req/sec)