Fugro Sells Stake in EMGS (Norway)

Fugro announced today that it has sold its financial investment (27,777,778 shares representing up to 14%) in Electromagnetic Geoservices ASA (EMGS) in Norway for a total value of approximately NOK 444.4 million (EUR 60 million).

Fugro obtained the shares in April 2011 as result of the conversion of a convertible loan that Fugro provided to EMGS in April 2009.

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Press Release, September 13, 2012