Press Release
Paris, France – December 14, 2014
CGG takes note of the Technip decision not to submit a bid on CGG.
Following the unsolicited offer Technip dated November 10, CGG remained open to dialogue and studied all proposals under Technip the interests of its shareholders, customers and employees. The Board of Directors of CGG considered none of the proposed alternatives are possible to create value for the company and all its stakeholders.
CGG reaffirms its confidence in the implementation and the success of the strategy as an independent company. CGG demonstrated strong operational resilience as demonstrated by the results of the third quarter and much progress has been made both in the implementation of the transformation plan in strengthening the balance sheet.
With these actions initiated last year, accelerated and intensified-during 2014 and a focus on cash generation, CGG is able to cope with current difficult market conditions and is perfectly positioned to take full advantage of the rebound and the future growth of Geosciences market.
About CGG:
CGG ( www.cgg.com
http://www.cgg.com ) is a fully integrated global leader Geosciences offering leading expertise in geology, geophysics, reservoir characterization and development to a broader customer base, primarily in the exploration sector and production of hydrocarbons. Our three divisions, Equipment, Acquisition and Geology, Geophysics & amp; Tank (GGR) intervene on the entire value chain from exploration to production of natural resources. CGG employs over 9,500 people worldwide, all animated by the passion of Geosciences, which work closely together to provide the best solutions to our customers.
CGG is listed on Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGG).
Contacts
| Management Communications Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail:: invrelparis@cgg.com mailto: invrelparis@cgg.com | Investor Relations Catherine Leveau Tel: +33 1 64 47 34 89 E-mail:: invrelparis @ cgg. com: mailto: invrelparis@cgg.com
|
Communiqué-versionPDF:
http://hugin.info/142000/R/1879992/662952.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf facility of NASDAQ OMX Corporate Solutions customers.
The issuer of this announcement warrants That They Are Solely responsible for the content, accuracy and originality of the information Contained Therein.
Source CGG GlobeNewswire via
HUG # 1879992
No comments:
Post a Comment