CGG and Veritas DGC merge
Posted: 15 January 2007
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Compagnie Generale de Geophysique (CGG) and Veritas DGC merged last week. The combined company was renamed Compagnie Generale de Geophysique-Veritas (CGG-Veritas) and has been trading on the New York Stock Exchange under the symbol CGV.
The newly formed company should see double-digit growth for this year, with sales amounting to EUR2.7 billion and earnings before interest, tax, depreciation and amortization close to EUR1.1 billion, its Chief Executive Robert Brunck said in an interview Friday with Les Echos newspaper.
The newly created group should be the world's second biggest supplier of oil seismic studies along with WesternGeco, a subsidiary of Schlumberger, Brunck added. |
