Jaccar Holdings said it has abandoned its long-held plans to carry out an initial public offering (IPO) after striking a deal to combine its fleet with listed offshore vessel owner Bourbon.
The privately-held shipowner, which is led by Bourbon chief executive Jacques de Chateauvieux, also said it will redeem its EUR 100m ($114m) bonds.
As TradeWinds reported last month, France's Bourbon is paying $320m to buy Jaccar subsidiaries Greenship Gas, Evergas and JHW Engineering.
Jaccar
