French oil and gas services company CGGVeritas (CGV) agrees to buy the seismic data unit of...


French oil and gas services company CGGVeritas (CGV) agrees to buy the seismic data unit of Dutch engineering firm Fugro for ~$1.5B. CGV says the deal would expand its access to oil and gas sites in Australia and Western Europe; Fugro’s seismic data division uses ships to locate potential new resource areas. CGGVeritas -6.9% in Paris, Fugro +2.5% in Amsterdam.
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