due in April 2018. In July 2019, heavily indebted, the group requested the opening of receivership proceedings for its 2 holding companies Bourbon Corporation and Bourbon Maritime. Which is accepted on August 7. The title of the company collapses on the stock market. On November 8, 2019, the listing of the security is suspended. The court's decision on the takeover of the group comes on December 23, 2019 when only one official offer from the creditor banks has been filed. On January 10, 2020, Société Phocéenne de Participation (SPP), owned by a group of French banks uniting the creditors representing 75% of the group's debt, acquires 100% of the assets of Bourbon Corporation (including the Bourbon brands) and becomes the group's new majority shareholder. The finalization of the financial restructuring in December 2020 brought new shareholders into the capital of the SPP: ICBCL and Standard Chartered Bank with approximately 18% and 10% of the capital respectively [ref. necessary]. The January 2020 disposal causes a "total loss" for the former shareholders. In April 2020, the former holding company (Bourbon Corporation), formerly majority-owned by Jaccar Holdings (which owned 52.8% of the capital on July 14, 2019), was placed in compulsory liquidation. The shares are delisted on June 22, 2020. In October 2020, Bourbon sold Les Abeilles to the Econocom group. Bourbon Maritime is coming out of receivership in December 2020 with a sharp reduction in its debt. Transformation plan Faced with the deepest crisis that the oil industry has gone through since the 1990s, Bourbon announced in February 2018 a strategic action plan "#Bourboninmotion". This plan reorganizes the group's activities into three separate subsidiaries: Bourbon Marine & Logistics, Bourbon Subsea Services and Bourbon Mobility. References External links Bourbon Bourbon Transport companies of France