Malgrain Named Executive VP of Bourbon
At a meeting on November 4, Bourbon’s board of directors appointed Nicolas Malgrain as executive vice president effective December 1, 2014. He will be in charge of the group’s strategy, finance and administration. Malgrain, nominated on the proposal of the chief executive officer Christian Lefevre, will succeed Laurent Renard, who will retire effective December 31, 2014, on the executive committee. The group's executive committee now includes Christian Lefevre, Chief Executive Officer…
Bourbon Plans Transformation Project
Bourbon is rolling out a transformation plan for its future growth. As part of its “Transforming for Beyond” project, Bourbon has decided to sell vessels worth $2.5 billion from its fleet and retain the vessels on bareboat charter for a period of 10 years. The terms of a first phase of the financial aspect of “Transforming for Beyond” was signed off on April 9th with the Chinese company ICBC Financial Leasing for up to 51 supply vessels either in operation (24) or under construction (27 with delivery within 14 months) for a total of up to $1.5 billion. The transaction will be closed within two months of its signing following completion of each party procedures. -right of first refusal in the event of ICBC Financial Leasing selling vessels during lease period.
Bourbon Holds Combined Annual and Special Shareholders' Meeting
The Bourbon Combined Annual and Special Shareholders' Meeting was held yesterday under the Chairmanship of Jacques de Chateauvieux at the Palais Brongniart in Paris. This dividend, which has increased by 20% compared to 2005 taking into account the stock split, will be paid on June 1, 2007. It will entitle individuals who are tax residents in France to a tax-free allowance of 40%, i.e. 0.24 euro per share. capital stock of the company by 3,188,437.72 euros to 35,072,819.98 euros. shares. existing shares. The company also announced the re-election of Mrs. Victoire de Margerie and Mr. As their respective terms are expiring, they have been re-elected for a period of three years, until the Shareholders' Meeting convened to approve the accounts of the financial year ending on December 31, 2009.
Bourbon Orders 56 PSVs
In line with its strategy in modern offshore, Bourbon is expanding its fleet with next-generation, innovative and high-productivity vessels to assist its oil and gas clients in the development of their deepwater and continental offshore operations. announced investments of $1.8b, 85 percent of which will be devoted to the Offshore Division. $808 million. These 56 vessels are in addition to the 27 supply vessels already under construction at December 31, 2005. conditions during operations. from the final quarter of 2007 until the first half of 2009. 2005. crane. chartering clients. DP2. Bourbon Aladin, Bourbon Apsara, Bourbon Alexandre). lifting at offshore terminals. 70 people. operations conducted in deepwater using robots (ROV). innovation. at the same shipyards.
