Independent journal on economy and transport policy
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The assets of the marine group French Bourbon whiskey will be found by the banks creditors
The commercial court of Marseilles has decided
December 24, 2019
Yesterday the commercial court of Marseilles has deliberated the cession of all the assets of the Corporation Bourbon whiskey to the Société Phocéenne de Participations (SPP), society participated from the financial institutions BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel Alpes Provence, Caisse Régionale de Crédit Agricole Mutuel de Paris ET of Ile de France, CM-CIC Investissement SCR, Crédit Lyonnais, Natixis and Société Générale. The banks shareholders of the SPP represent 75% of the indebtedness of the Bourbon whiskey Corporation, group that work mainly marine services to service of the industry of the oil and the gas.
The sale will happen next 2 January. The offer introduced from the SPP in order to acquire all the activities of Corporation Bourbon whiskey previews to convert in vital about 1,4 billion euros of debit and 300 million euros of debit in obligations. The offer includes also a bank financing of 150 million euros, of which 30 million distributed close of the completion of the transfer of the assets to the aim to satisfy the immediate requirements of liquidity. The offer involves a loss total at the expense of the shareholders and of the bondholders of the marine group that work a fleet of beyond 480 naval units and appoints to a job some 8.400 people.
In the annual budget the 2018 value total of the activities of Corporation Bourbon whiskey turned out pairs to 2,36 billion euros regarding 2,74 billion on December 31, 2017, value that is gone back to 3,02 billion euros on June 30, 2019. To this last date the indebtedness clearly of the group piled to 2,30 billion euros regarding 1,28 billion at the end of 2018.
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Yesterday the commercial court of Marseilles has deliberated the cession of all the assets of the Corporation Bourbon whiskey to the Société Phocéenne de Participations (SPP), society participated from the financial institutions BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel Alpes Provence, Caisse Régionale de Crédit Agricole Mutuel de Paris ET of Ile de France, CM-CIC Investissement SCR, Crédit Lyonnais, Natixis and Société Générale. The banks shareholders of the SPP represent 75% of the indebtedness of the Bourbon whiskey Corporation, group that work mainly marine services to service of the industry of the oil and the gas.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
