September 26, 2012 / 5:51 AM / 5 years ago

CGGVeritas launches 414 mln eur rights issue

PARIS, Sept 26 (Reuters) - CGGVeritas said on Wednesday it is raising funds to finance the planned acquisition of the seismic data division of Dutch engineering company Fugro with a 414 million euro ($536.64 million) rights issue.

CGGVeritas said it would use the proceeds of the capital increase to fund its existing debt if the acquisition is not achieved. ($1 = 0.7715 euros) (Reporting by Elena Berton)

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