LONDON - The French ship supplier Bourbon said Monday that its largest shareholder, Jaccar, has offered to buy the company in a deal that gives it a value of at least $2.48 billion.
The deal is contingent on Jaccar obtaining 50.1 percent of Bourbon’s outstanding capital and bank debt.
Shares of Bourbon jumped 22 percent to €23.64 in trading Monday morning. Based on 74.6 million shares outstanding, the deal would value Bourbon at about €1.79 billion, with Jaccar paying about 24 euros a share.
Bourbon’s board of directors will review the offer by Jaccar, which owns about 26 percent of Bourbon, at a meeting on March 21.
Jaccar is controlled by Jacques de Chateauvieux, Bourbon’s chairman. Jaccar also has investments in the shipbuilders Piriou and Sinopacific Shipbuilding.
Operating in more than 45 countries, Bourbon provides ships and other vessels to the oil and gas industry. The company has more than 10,000 employees and a fleet of nearly 500 vessels.
Bourbon had revenue of €1.31 billion in 2013.
