TGS ASA and PGS ASA have formally completed their merger, consolidating two major players in the geophysical data sector. This merger, which fulfills all regulatory and shareholder approvals, has been registered with the Norwegian Register of Business Enterprises. The new share capital of TGS now stands at NOK 49,068,323.25, with 196,273,293 shares, each having a nominal value of NOK 0.25. Former PGS shareholders will also receive a cash compensation of NOK 0.20419 per share held. This transformation will enhance TGS’s position as a key provider of energy sector data and intelligence. The details and timeline concerning the merger are disclosed in the respective merger plan and announcements made available on TGS’s website.
Energy Data Services, Geophysical Data,Norway, European Union
https://www.globenewswire.com/news-release/2024/07/01/2906890/0/en/TGS-and-PGS-Merger-Completed.html