Malaysian Group Tanjung offshore Berhard (Tanjung) and Bourbon Far East Pte. Ltd. (BOURBON FE) have entered into exclusive discussions for the sale of 51% ownership of 9 Bourbon Offshore Supply Vessels (OSVs) 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 refused to give any further comment at this stage.
June 6, 2014