CGG - comment
CGG has further improved its liquidity with the completion of the sale and leaseback of its HQ building in Massy to the south of Paris. The building has been sold for €59.3m to Pramena Investment and Anacap Financial partners. A transaction involving Massy has been in CGG’s planning for some time at around €59m.
- CGG also announced the renaming of its divisions, although there does not seem to be any change in the composition of each one.
- First-quarter results are out on 4th May at 1745 (CET) with a conference call at 1830 (CET).