Bourbon Floats SBT on Vietnam Exchange

Pursuant to its long-term strategy and emphasis on its core shipping operations, Bourbon Offshore will on February 25 spin out 31.6% of the equity of its Sucrerie de Bourbon Tay Ninh (SBT) subsidiary on the Ho Chi Minh City Stock Exchange. This amounts to 44,824,172 shares to be priced at VND 30,000 each, valuing the offering at about $84 million and the company at about $267 million.

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