Safran Issues Update on Proposed Acquisition of Collins Aerospace's Actuation and Flight Control Business
Nov. 20, 2023
Related To: Safran Group
In connection with the proposed acquisition of Collins Aerospace’s actuation and flight control business, Safran has been informed of the Italian government’s decision to exercise its Golden Power, thus opposing the sale to Safran of Microtecnica S.r.l, the company holding the concerned assets in Italy.
Following this decision, Safran remains committed to the transaction and is working with all parties to determine the appropriate next steps. Further information will be provided as appropriate.
The completion of this acquisition also remains subject to notably obtaining other customary regulatory approvals and closing conditions.
