Bourbon granted Marseille Commercial Court approval to sell assets

By Caroline Salls

Pittsburgh, Dec. 23 – Bourbon Corp. received approval from the Marseilles Commercial Court on Monday to sell its assets to Société Phocéenne de Participations (SPP), according to a news release.

SPP is owned by several banking institutions, including BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel Alpes Provence, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile de France, Crédit Mutuel Equity SCR, Crédit Lyonnais, Natixis and Société Générale.

Transfer of ownership of the Bourbon assets will take place on Jan. 2.

Paris-based Bourbon is a marine and subsea services company.

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