Bourbon set to divest nearly 100 ships with rescue plan
After months of work, creditors have approved a rescue plan for crisis-stricken Bourbon. The offshore company is released from 60 percent of its debt and receives new capital as well as new co-owners. The condition is a major sale of ships.
by DAG HOLMSTAD
A comprehensive rescue plan for crisis-stricken French offshore carrier Bourbon seems set to fall into place after having been underway for more than a year.
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