Société Phocéenne de Participations agreed to acquire assets of Bourbon Corporation SA (ENXTPA:GBB) for €2.8 billion on December 23, 2019. Gaël Bodénès submitted his resignation from his position as Chief Operating Officer on December 31, 2019. Jacques de Chateauvieux, Executive Chairman of Bourbon Corporation, will continue to be responsible for the company's general management. Gaël Bodénès becomes Chairman of BOURBON Maritime and retains his other functions within the group. Marseilles Commercial Court approved the transaction. The transaction is expected to close on January 2, 2020. As of January 7, 2020, Marseilles Commercial Court has approved the transaction. Gael Bodenes has resigned as Chief Executive Officere to Jacques de Chateauvieux, Executive Chairman and to the Board of Directors of Bourbon Corporation SA. Jacques de Chateauvieux, will continue to be responsible for the company's general management. Lazard-Natixis acted as financial advisor to Bourbon Corporation. Société Phocéenne de Participations completed the acquisition of assets of Bourbon Corporation SA (ENXTPA:GBB) on January 10, 2020.