SAFRAN
EU competition watchdog clears merger with competitor Zodiac Aerospace
The merger regulation authority of the European Commission has no objection to the planned takeover of aircraft equipment supplier Zodiac Aerospace (Plaisir / France; www.zodiacaerospace.com) by French aviation specialist Safran (Paris; www.safran-group.com). Commissioner Margrethe Vestager said competition in the aeronautics markets remains strong.
The merger will create the world's number three aviation supplier. It will have a pro-forma turnover of about EUR 21 bn (see Plasteurope.com of 26.01.2017).
The merger will create the world's number three aviation supplier. It will have a pro-forma turnover of about EUR 21 bn (see Plasteurope.com of 26.01.2017).
08.01.2018 Plasteurope.com [238725-0]
Published on 08.01.2018