Brief: Eidesvik: CGG Mulls Acquiring Eidesvik's 50% Ownership in Global Seismic Shipping

Eidesvik Offshore ASA

04/06/2019 07:23

June 4 (Reuters) - Eidesvik Offshore ASA  EIOF.OL :
    * UPDATE REGARDING SEISMIC JOINT VENTURE GLOBAL SEISMIC
SHIPPING
AS
    * CGG IS CONTEMPLATING TO ACQUIRE EIDESVIK'S 50% OWNERSHIP
SHARE
IN GLOBAL SEISMIC SHIPPING AS
    * CLOSING IS EXPECTED BEFORE YEAR END 2019
    * CGGN AND EIDESVIK HAVE AGREED THAT EIDESVIK SHALL RECEIVE
FROM
CGGN AN UNDISCLOSED NUMBER OF SHARES IN SHEARWATER
    * CGG AND EIDESVIK HAVE AGREED ON A PUT OPTION FOR EIDESVIK
AT USD
30 MILLION FOR THESE CONSIDERATION SHARES FOR A PERIOD OF UP TO
36 MONTHS AFTER CLOSING OF TRANSACTION

Source text for Eikon:  ID:nObijs3x5a 
Further company coverage:  EIOF.OL 

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