CGG CGG

CGG: Announces the Signature of an Agreement for the Sale of its Multi-Physics Business

CGG: Announces the Signature of an Agreement for the Sale of its Multi-Physics Business

CGG Announces the Signature of an Agreement for the Sale of its Multi-Physics Business

Paris, France – August 6, 2020

CGG announced today that it has entered into a Sale and Purchase Agreement (SPA) with Xcalibur Group for the sale of CGG’s Multi-Physics business.

The SPA provides for the sale of CGG’s entire Multi-Physics business, except its multi-client library, and is subject to approval by the competent regulatory authorities.

The closing of this transaction is expected in Q4 of this year.

About Xcalibur Airborne Geophysics Group (XAGG)

XAGG ( and ) is a worldwide leading provider of ultra-high resolution for Magnetics-Radiometrics regional and detailed airborne geophysical services, being the leading provider in Africa, with offices in Spain, South Africa and Colombia.

About CGG

CGG () is a global geoscience technology leader. Employing around 4,100 people worldwide, CGG provides a comprehensive range of data, products, services and equipment that supports the discovery and responsible management of the Earth’s natural resources. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations

Christophe Barnini

Tel: 11

E-Mail: 		 

Attachment

EN
06/08/2020

Underlying

CGGCGG

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CGG

Baptiste Lebacq
  • Baptiste Lebacq
PNL POSTNL NV
DEZ DEUTZ AG
ERG ERG S.P.A.
NDA AURUBIS AG
BEZ BERENTZEN GRUPPE
MAU ETABLISSEMENTS MAUREL & PROM SA
CGG CGG
DRI 1&1 DRILLISCH AG
FLOW FLOW TRADERS LTD
08/05/24 August 5, 2024 1 FR
Baptiste Lebacq
  • Baptiste Lebacq
PNL POSTNL NV
DEZ DEUTZ AG
ERG ERG S.P.A.
NDA AURUBIS AG
BEZ BERENTZEN GRUPPE
MAU ETABLISSEMENTS MAUREL & PROM SA
CGG CGG
DRI 1&1 DRILLISCH AG
FLOW FLOW TRADERS LTD
08/05/24 August 5, 2024 1 EN
Baptiste Lebacq
  • Baptiste Lebacq
CGG CGG

Viridien : Vers un momemtum moins soutenu du côté de SMO

>Opinion Surperformance et OC ajusté à 80 € - Post publication et contact société, nous ajustons en baisse nos attentes d’EBITDA 2024/26 de 6% en moyenne. L’activité SMO devrait continuer de pénaliser la formation des résultats du groupe d’où l’annonce de mesures d’ajustements structurelles par le groupe dans cette branche (réduction des capacités sur Houston, fermeture de Singapour et annonce d’une réduction de 150 postes en France). Nous réitérons notre recommandati...

08/05/24 August 5, 2024 1 FR
Baptiste Lebacq
  • Baptiste Lebacq
CGG CGG

Viridien : Towards less favourable momentum in SMO

>Outperform recommendation and target price adjusted to € 80 - Post-publication and company contact, we have adjusted down our EBITDA forecast for 2024-2026 by 6% on average. The SMO activity continued to penalise the formation of group’s results hence the announcement of structural adjustment measures at this activity (reduction of capacity in Houston, closure of Singapore and announcement of 150 jobs losses in France). We reiterate our Outperform recommendation and...

08/05/24 August 5, 2024 1 EN
Charlotte Vaisse ... (+2)
  • Charlotte Vaisse
  • Juan Ros-Padilla
CO CASINO GUICHARD-PERRACHON SA
NK IMERYS SA
NXI NEXITY SA CLASS A
NTG NETGEM SA
NRG NRJ GROUP SA
MRN MERSEN SA
MTU MANITOU BF SA
ALTA ALTAREA SCA
MBB MBB INDUSTRIES SE
BIG BIGBEN INTERACTIVE SA
FAE FAES FARMA S.A.
ECV ENCAVIS AG
VIS VISCOFAN S.A.
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
AED AEDIFICA SA
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
MELE MELEXIS NV
ENC ENCE ENERGIA Y CELULOSA SA
COL INMOBILIARIA COLONIAL SOCIMI SA
TLGO TALGO SA
IDR INDRA SISTEMAS S.A. CLASS A
PSG PROSEGUR COMPANIA DE SEGURIDAD SA
TKO TIKEHAU CAPITAL SCA
UNI UNICAJA BANCO S.A.
DUFN DUFRY AG
CGG CGG
TKWY JUST EAT TAKEAWAY.COM N.V.
TMV TEAMVIEWER AG
VRLA VERALLIA SAS
NACON NACON SASU
ZEL PHARMA MAR SA
AG1 AUTO1 GROUP
EBUS EBUSCO HLDG NV
AELIS AELIS FARMA SA
EAPI EUROAPI
BRE BREMBO S.P.A.
07/31/24 July 31, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch