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    CGG builds stake in PGS

    News // September 27, 2002
    CGG has issued a statement noting that it has accumulated 7.51 per cent of the outstanding shares of PGS in open market purchases. As a leading seismic company, it is CGG's long-term objective to work towards a consolidation in the seismic industry. CGG's exposure to PGS is limited to its holding of PGS shares. CGG does not hold any PGS debt instruments.

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