Seismic group TGS to buy rival PGS for $864 mln

PGS ASA

18/09/2023 07:10

OSLO, Sept 18 (Reuters) - Seismic company TGS  TGS.OL ,
a supplier of data to the oil industry, has agreed to buy rival
PGS  PGS.OL  in an all-share transaction valued at 9.3 billion
Norwegian crowns ($863.74 million), the two Oslo-listed
companies said on Monday.

($1 = 10.7671 Norwegian crowns)

 (Reporting by Terje Solsvik, editing by Louise Rasmussen)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))