CGG Now Open to Sale

Monday, November 24, 2014

Just a short time after rejecting an offer from France’s Technip, seismic firm CGG said it is considering putting itself on the market.

On November 22  CGG issued a statement confirming it had been approached by Technip, it rejected the offer however, saying it “considered that the conditions to pursue were not met.”

Technip had offered CGG roughly $1.8 billion to close the deal.

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