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Equity

CGG hits sweetspot

CGGVeritas, the French seismic surveying firm, hit a sweet spot in the equity-linked market on Tuesday, raising €315m with a €45m greenshoe in a deal that was priced with one of the highest implied volatilities of 2012. The issuer’s double-B ratings, well-received use of funds and French base helped it to a multiple times oversubscribed book.

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