JP Morgan Chase & Co has reported to the AMF that it has indirectly surpassed the 5% thresholds of both capital and voting rights in Viridien (formerly CGG) as of February 9, following a market acquisition of shares.
The American bank specified that, through its controlled entities, it now holds 365,258 Viridien shares, representing 5.08% of the capital and 5.07% of the voting rights of this geophysics-focused company.
Similarly, UBS AG declared that on the same day it individually exceeded the 5% thresholds of both capital and voting rights in Viridien, now holding 5.93% of the capital and 5.91% of the voting rights, following an off-market share acquisition.
Viridien is one of the leading international providers of geophysics services and products intended for oil and gas companies. Net sales break down by activity as follows:
- geophysics services (70.5%): recording, processing, and interpretation of land and marine seismic data;
- manufacturing of seismic equipment (29.5%): recording and transmission equipment, vibrators for capturing seismic data, data processing and interpretation software, etc.
Net sales are distributed geographically as follows: Europe/Africa/Middle East (45.2%), North America (23.3%), Asia/Pacific (15.8%) and Latin America (15.7%).
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