Fugro to become sole owner of Seabed Geosolutions

Dutch geophysical services provider Fugro has entered into an agreement to acquire CGG’s 40 percent shareholding in Seabed Geosolutions.

Fugro said on Monday that this would terminate the Seabed Geosolutions’ joint venture agreement effective December 30 in exchange for a cash consideration of $35 million, paid by CGG before year-end 2019.

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