The Dutch company earlier this week agreed to part ways withits geosciences division for EUR 1.2bn ($1.55bn).

As part of the deal the pair has set up an ocean bottomseismic data joint venture for which Fugro will pay EUR 225m.

That cash will help the French company pay for its mammoth acquisitionbut it has also launched a EUR 414m rights offering to contribute some of theremaining funds.

Existing