CGG Signed a Binding Offer for the Sale and Leaseback of its Headquarter Building

CGG Signed a Binding Offer for the Sale and Leaseback of its Headquarter Building

Paris, France | Jan 18, 2022

CGG announced today the signature of a binding offer with Pramena Investment & Anacap Financial Partners for the sale and leaseback of Galileo, its headquarter building located in Massy, France. Closing of this transaction is expected in Q2 2022.

Yuri Baidoukov, CGG CFO said: "We are pleased to announce this sale and leaseback agreement. This transaction emphasizes CGG's continuing efforts to reduce its cost base and strengthen its balance sheet."