Bourbon disposes of its interest in Rigdon MarineCompany News // June 3, 2008
Goupe Bourbon has announced that under the merger proposal between Rigdon Marine Corporation and Gulfmark Offshore,
announced on May 28, Bourbon†is to sell its interest in the Rigdon companies.
The sale will be effective on completion of the merger which is due to take place in the thirdrd quarter of 2008.
For BOURBON it will generate:
ē capital gain on sale of approximately Euros 60 million,
ē repayment by Rigdon of loans granted by Bourbon to a†total of 110 million euros,
which, in addition to the cash proceeds from the sale, will reduce the groupís debt.