PGS and TGS Merger Set for Completion

PGS ASA (GB:0MHR) has released an update.

PGS ASA and TGS ASA have received the final regulatory approval from the UK Competition and Markets Authority for their merger, with all conditions now satisfied. The completion of the merger is set for 1 July 2024, aiming to create the premier energy data company. The CEOs of both companies express satisfaction and anticipate the merger will provide comprehensive geophysical services and added value to stakeholders.

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