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CGG rebuffs Technip’s merger advances

20th November 2014

Technip approached CGG on 10 November regarding a share takeover, but CGG has today declined to accept Technip’s offer

CGG rebuffs Technip’s merger advances

Technip intended to join CGG’s impressive geophysical portfolio to its own energy EPC business to create a “first tier oil and gas services provider”.

Technip offered 8.30 euros per CGG share but CGG have commented that the conditions to pursue the deal have yet to be met.

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