Under pressure French OSV giant Bourbon has sought a suspension of its listing on the Euronext Paris bourse this morning as a takeover offer has come to light.
The company has been under a court-led restructuring since August, saddled by huge debts, much of which are owed to Chinese financial institutions.
Bourbon stated in a release today that a group of French banks have made a takeover offer for Bourbon Corporation, with other takeover offers likely to come in soon too.
“As other takeover or continuation offers could be received by the Court Administrators, BOURBON Corporation has asked Euronext Paris to suspend the listing of its shares as of today and until the Commercial Court has completed its analysis of the various options,” Bourbon stated in a release.
