CGG: CGG Announces the Completion of the Sale and Leaseback of its Headquarter Building for the Amount of €59,250,000

CGG has successfully completed the sale and leaseback of its headquarters building, Galileo, located in Massy, France.

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Rhea-AI Summary

CGG has successfully completed the sale and leaseback of its headquarters building, Galileo, located in Massy, France. The transaction amounts to €59,250,000. This strategic move aims to enhance financial flexibility while maintaining operational control over the property. CGG, a leader in data and Earth science solutions, employs around 3,300 people globally and focuses on responsible and sustainable resource management.

Positive

Completion of sale and leaseback of headquarters increases financial flexibility.
The transaction value of €59,250,000 provides immediate liquidity.

Negative

None.

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04/20/2022 - 01:30 AM

CGG Announces the Completion of the Sale and Leaseback of its Headquarter Building for the Amount of €59,250,000

Paris, France – April 20, 2022

CGG announced today the completion of the sale and leaseback of Galileo, its headquarter building located in Massy, France for a total amount of fifty-nine million two hundred and fifty thousand euros.

About CGG

CGG (www.cgg.com) is a global technology and HPC leader that provides data, products, services and solutions in Earth science, data science, sensing and monitoring. Our unique portfolio supports our clients in efficiently and responsibly solving complex digital, energy transition, natural resource, environmental, and infrastructure challenges for a more sustainable future. CGG employs around 3,300 people worldwide and is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations
Christophe Barnini
Tel: + 33 1 64 47 38 11
E-Mail: christophe.barnini@cgg.com

Attachment

CGG - Press Release pdf version

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the total amount for the sale and leaseback of CGG's headquarters?

The total amount for the sale and leaseback of CGG's headquarters is €59,250,000.

Where is CGG's headquarters located?

CGG's headquarters, Galileo, is located in Massy, France.

What is the purpose of CGG's sale and leaseback of its headquarters?

The purpose of CGG's sale and leaseback of its headquarters is to enhance financial flexibility while maintaining operational control over the property.

How many people does CGG employ worldwide?

CGG employs approximately 3,300 people worldwide.

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CGG: CGG Announces the Completion of the Sale and Leaseback of its Headquarter Building for the Amount of €59,250,000