CGG: CGG Announces the Completion of the Sale and Leaseback of its Headquarter Building for the Amount of €59,250,000
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CGG Announces the Completion of the Sale and Leaseback of its Headquarter Building for the Amount of
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
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