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    Bourbon reveals role in Rigdon Marine investment

    News // January 18, 2006

    Bourbon's equity investment will help Rigdon Marine acquire 10 more PSVs.

    Bourbon in France has confirmed that, in line with its international development strategy, it has invested US$9.1 million in Rigdon Marine in the US.

    Shortly beforehand, Rigdon Marine had announced that it was to acquire another 10 new PSVs.

    Bourbon said that its latest investment in Rigdon Marine would strengthen Rigdon's fleet and "generate technical and operational synergies in both vessels and personnel."

    Bourbon Chairman and CEO Jacques de Chateauvieux said: "This stake in Rigdon Marine is the natural outcome of four years of collaboration. We have seen that this fast growing company has rapidly become a profitable service provider.. particularly in the Gulf of Mexico. Our commitment is a clear demonstration of Bourbon's investment policy, designed to assemble the best skills and resources to successfully fulill customer needs for new generation vessels worldwide."



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