On November 10, 2014 Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY)
approached CGG’s Board of Directors with a view to making an offer on
CGG and sought to engage in a constructive dialogue with CGG to review
this project. Further to press leaks, Technip set out the main elements
of its industrial project in a press release on November 20, 2014.
Following CGG?s reaction to this approach, Technip put forward a number
of alternative options to a tender offer, taking care as always to
consider the social, strategic and financial aspects in each case.
However, the discussions of these options did not result in any form of
Under these circumstances, Technip informs the market that it does not
intend to file a tender offer for CGG.
Thierry Pilenko, Chairman and CEO, as well as Julian Waldron, CFO, will
host a conference call, in English, on Monday, December 15th starting at
11:00 a.m. CET.
To participate in the conference call, you may call any of the following
telephone numbers approximately 5 – 10 minutes prior to the scheduled
|France / Continental Europe:||+33 (0)1 70 77 09 46|
|UK:||+44 (0) 203 367 9456|
|USA:||+1 855 402 7763|
The conference call will also be available via a simultaneous,
listen-only audio-cast via Technip?s website: http://edge.media-server.com/m/p/dgx7hcs9
A replay of this conference call will be available approximately two
hours following the conference call for 90 days on the Technip?s website
and for two weeks at the following telephone numbers:
|France / Continental Europe:||+33 (0)1 72 00 15 00||291211#|
|UK:||+44 (0) 203 367 9460||291211#|
|USA:||+1 877 642 3018||291211#|
Technip is a world leader in project management, engineering and
construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most
complex Offshore and Onshore infrastructures, our 40,000 people are
constantly offering the best solutions and most innovative technologies
to meet the world?s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets
on all continents and operates a fleet of specialized vessels for
pipeline installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and traded
in the USA on the OTCQX marketplace (OTCQX: TKPPY).