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EXPLORATION

CGG off to the courts

SEISMIC concern CGG is considering going to the courts across various jurisdictions to preserve its liquidity as stakeholders struggle to agree on negotiations for financial restructuring to address capital structure constraints.

Anthony Barich
CGG off to the courts

The French company said that its stakeholders were yet to agree despite "extensive" discussions over several weeks.   CGG wants full equitisation of existing unsecured debt, an extension of the maturity...

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