BOURBON In Talks to Sell 51% Stake in 9 OSVs to Malaysia's Tanjung Offshore

France's offshore marine services provider BOURBON disclosed Thursday that Malaysia-based Tanjung offshore Berhard (Tanjung) and Bourbon Far East Pte. Ltd. (BOURBON FE) have entered into exclusive discussions for the sale of 51 percent ownership of 9 BOURBON Offshore Supply Vessels (OSV) operating in Malaysia.

In parallel, Tanjung has invited BOURBON to become a shareholder in their company. Both parties are actively reviewing the proposed transaction  and a final decision will be made within the coming months.

BOURBON will make no further comment at this stage.

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