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CGG Enters into SPA with Xcalibur Group

Source: www.gulfoilandgas.com 8/6/2020, Location: Europe

CGG 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.

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