French banks want to buy insolvent Bourbon

A group of French banks have submitted an acquisition offer for offshore company Bourbon, which is insolvent and working on a restructuring.

Photo: PR/Bourbon Offshore

Bourbon Corporation could be on its way to change hands.

A firm owned by a number of banks with loans in the offshore shipping company has presented an acquisition offer. Bourbon is insolvent and working on a restructuring. In this connection, the bankruptcy court has received an offer from banks interested in taking over the company's assets and activities, Bourbon informs in a statement.

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