Jaccar to Launch Bourbon Buyout on May 20

Posted by Joseph Keefe
Monday, May 19, 2014

Jaccar Holdings, the main shareholder of Bourbon, said on Monday it will launch an offer to buy the French ship supplier on May 20.

Bourbon said in March that the offer, which is valid until June 23, would be conditional upon Jaccar securing 50.1 percent of the capital, as well as bank financing. It said at that time that the proposed bid was 24 euros per share.

Bourbon shares closed at 23.83 euros on Friday.

Jaccar currently owns 26 percent of the group, according to Bourbon's website.

 

Reporting by Maya Nikolaeva and Gilles Guillaume

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

DP World H1 Earnings Jump, Mulls Iran launch

DP World may launch operations in Iran, the company's chairman said on Thursday, as the global ports operator reported a jump in half-year earnings after buying assets from its parent company.

IMEI Certification - Unique Achievement

For Institute of Marine Engineers of India having achieved standardisation and maintainenace of quality processes simultaneously not just at their Head Office

Wärtsilä 34DF Becoming a Trendsetter

The upgraded version of the Wärtsilä 34DF engine is rapidly becoming established as an industry standard. The three major South Korean shipyards are supporting

Finance

Oil Soars in Biggest One-day Rally in Years

Oil rocketed as much as 10 percent higher on Thursday, posting its biggest one-day rally since 2009 as recovering equity markets and news of diminished crude supplies

Odfjell Reports Best Quarter Since 2008

In what it is calling its best quarterly performance since third quarter 2008, the Odfjell Group for the second quarter of 2015 reported net results of $7 million.

ASRY 2015 Strategy Combats Challenging Market

Up to May 2015, ASRY (Arab Shipbuilding & Repair Yard), was seeing encouraging results from it’s 2015 strategy to combat the widespread challenges facing the maritime repair market,

Energy

Oil Soars in Biggest One-day Rally in Years

Oil rocketed as much as 10 percent higher on Thursday, posting its biggest one-day rally since 2009 as recovering equity markets and news of diminished crude supplies

Odfjell Reports Best Quarter Since 2008

In what it is calling its best quarterly performance since third quarter 2008, the Odfjell Group for the second quarter of 2015 reported net results of $7 million.

Drydocks World World’s Largest Turret

Drydocks World marked a milestone in completing the world’s largest turret mooring system. At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters,

Mergers & Acquisitions

Hapag-Lloyd Continues on Path for Profits

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue

NYK Mulls Ownership of Canola Oil Venture

NYK has concluded a contract with United Green for partial ownership of a canola flower field along the Sanriku shoreline, an area that suffered extensive damage

Anglo-Eastern and Univan Set Sail Together: Largest Ever Ship Management Merger

There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement,

Offshore Energy

Drydocks World World’s Largest Turret

Drydocks World marked a milestone in completing the world’s largest turret mooring system. At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters,

Builder KHI Contracts ALMACO for Drillships Work

ALMACO Group informs it has been awarded the design, material supply and supervision contract from Kawasaki Heavy Industries, Ltd. (KHI) in Japan for the first

Shell Charters Regalia in 2016

Prosafe announced it has signed a contract worth approximately $24 million with Shell U.K. Limited for the provision of the Regalia semi-submersible accommodation

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.7927 sec (1 req/sec)