Latest Aviation News Civil aerospace SAFRAN WINS CONTROL OF ZODIAC TO CREATE AIRCRAFT SUPPLY GIANT

Safran wins control of Zodiac to create aircraft supply giant

AFP
06/02/2018 | 183 words
French aerospace company Safran has won a majority stake in Zodiac Aerospace after a friendly bid, the French financial markets regulator said Monday, a key step towards the creation of a global aircraft equipment giant.Zodiac shareholders owning a combined 79.74 percent of stock had delivered their shares, originally pitched by Safran at over 29 euros each but later reduced to 25 euros each, by the January 31 deadline, the AMF regulator said.Stock market operator Euronext is to report a final figure soon.Safran makes aircraft engines and Zodiac is a (...)
 
 
 
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