GlobeNewswire Inc | Jan 18, 2022 01:00AM EST

January 18, 2022

CGG Signed a Binding Offerfor the Sale and Leaseback of its Headquarter Building

PARIS, France January 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.

About CGG

CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor RelationsChristophe BarniniTel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com

Attachment

-- CGG - Press Release pdf version