Bourbon

The BOURBON Company for salvage and protection of the French coast changes its name
"Les Abeilles International" becomes "Les Abeilles"

BOURBON is announcing that its company "Les Abeilles International", which includes protection of the French coastline, as well as assistance and salvage operations handled by five tugs chartered by the French Navy, is changing its name to "Les Abeilles".

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BOURBON has sold its interest in the Rigdon companies

The sale of BOURBON’s interest in the Rigdon companies, announced on May 28 as part of the merger proposal between Ridgon Marine Corporation and Gulfmark Offshore, was completed on July 1.

As the Rigdon companies had so far been accounted for according to the equity method, the sale will have no impact on revenues, nor on BOURBON’s EBITDA.

As previously announced the sale will generate for BOURBON a capital gain on sale of approximately 60 million euros in the second half.