Fugro has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions. This will terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash consideration of USD 35 million, paid by CGG before year-end 2019. The proceeds will be used to lower Fugro’s outstanding debt position and … Continue reading Fugro Becomes Sole Owner of Seabed Geosolutions