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Bourbon is insolvent and requests rehabilitation proceedings

Credit claims from Chinese ICBC Leasing testify, according to Marseilles' commercial court, that French Bourbon Corporation is insolvent, and the court therefore rejects the company's petition for a safeguard procedure. Bourbon now petitions the court again.

Photo: PR / Bourbon Offshore

The Commercial Court of Marseilles rejects Bourbon's petition for a safeguard procedure against a credit claim.

Earlier this week, Bourbon requested its removal from the stock exchange because creditors demanded repayment of USD 800 million – a large figure that exceeds Bourbon's 2018 revenue of USD 689.5 million.

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