Bourbon Assets Taken Over by Creditor Banks

French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.

Bourbon said the Marseille commercial court had ruled that Bourbon’s assets would be transferred to Société Phocéenne de Participations (SPP) from Jan. 2, 2020.

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