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CGG

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

01/18/2022 | 01:05am EDT
Back to Newsroom 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."

Disclaimer

CGG SA published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 06:04:07 UTC.


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Financials (USD)
Sales 2021 926 M - -
Net income 2021 -143 M - -
Net Debt 2021 887 M - -
P/E ratio 2021 -5,12x
Yield 2021 -
Capitalization 730 M 730 M -
EV / Sales 2021 1,75x
EV / Sales 2022 1,56x
Nbr of Employees 3 300
Free-Float 99,9%
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 1,03 $
Average target price 1,19 $
Spread / Average Target 16,2%
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Managers and Directors
Sophie Zurquiyah-Rousset Chief Executive Officer & Director
Yuri Baidoukov Group Chief Financial Officer & Treasurer
Philippe Salle Chairman
Chu Ong Ting Chief Technology Officer
Michael C. Daly Independent Director
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