Banks take over distressed Bourbon Corporation

A consortium of French banks takes over the assets of struggling Bourbon Corporation, a court in Marseilles ruled on Monday. As such, the De Chateauvieux family loses control of the company.

Photo: PR/Bourbon Offshore

Struggling company Bourbon, which has one of the world's largest fleets of offshore service vessels, will be taken over by its banks.

In a brief statement, the company writes that all assets under Bourbon Corporation will be handed over to a consortium of banks.

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