Bourbon announced that it is buying Jaccar’s (Bourbon’s majority shareholder) companies specialising in ethane gas shipping (notably Greenship Gas). Greenship Gas owns 17 vessels (o/w 13 currently in service) and has a >50% market share in ethane transportation. Bourbon will pay $320m (o/w $100m seller’s credit, $220m bridging loan). It plans a sale-and-lease-back of 80% of the fleet ownership to refund the bridging loan. At the AGM on 26 May 2016: - The ethane business t
30 Mar 2016
Bourbon beyond Bourbon (and its minority shareholders?)
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Bourbon beyond Bourbon (and its minority shareholders?)
Bourbon announced that it is buying Jaccar’s (Bourbon’s majority shareholder) companies specialising in ethane gas shipping (notably Greenship Gas). Greenship Gas owns 17 vessels (o/w 13 currently in service) and has a >50% market share in ethane transportation. Bourbon will pay $320m (o/w $100m seller’s credit, $220m bridging loan). It plans a sale-and-lease-back of 80% of the fleet ownership to refund the bridging loan. At the AGM on 26 May 2016: - The ethane business t