PARIS (Thomson Financial) - CGGVeritas said it has bought a 12.67 pct stake
in Norway's Eastern Echo Holding PLC for 431 mln eur.
In a notification to the Oslo Stock Exchange, CGGVeritas said it bought
30,900,000 Eastern Echo shares on Friday, with the aim of securing the best
position for the company, especially its Sercel business, in continuing
cooperation with Eastern Echo in the expanding seismic market.
Eastern Echo is the target of a 12 nkr per share takeover bid from
Schlumberger.
Andrew.Newby@Thomson.com
an/vs
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