CGG Begins Legal Process to Implement Balance Sheet Restructuring and Create Sustainable Capital Structure
Commences Sauvegarde proceeding for parent company in France and pre-arranged
Chapter 11 for certain material subsidiaries in the U.S.
Operations continue as usual with sufficient liquidity, high levels of service for customers
About CGG
CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).