Reference is made toEidesvik Offshore ASA's ("Eidesvik") stock exchange announcement and the separate announcements made byCGG SA ("CGG") andShearwater GeoServices Holding AS ("Shearwater"), all datedJune 4, 2019 , regarding the sale of Global Seismic Shipping AS ("GSS"), the joint venture company owned 50/50 by Eidesvik and CGG Marine Resources Norge AS. The sale of GSS to Shearwater was completed earlier today. As consideration for Eidesvik's shares in GSS, Eidesvik has received shares in Shearwater (the "Consideration Shares"). As previously announced, CGG and Eidesvik have agreed on a put option for Eidesvik atUS$ 30 million for the Consideration Shares exercisable in a period of up to 36 months after closing of the transaction. Bømlo,January 8, 2020 Contacts:Jan Fredrik Meling , CEO, phone no: +47 91 67 51 19Tore Byberg , CFO, phone no: +47 47 50 90 12 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source