Regulatory Filings • Jul 12, 2010
Regulatory Filings
Open in ViewerOpens in native device viewer
Safran confirms that a letter was addressed to the Chairman of the Supervisory Board of Zodiac proposing that the two groups examine the merits of bringing their activities together.
At this point, Safran acknowledges the reaction of Zodiac's Board while remaining convinced of the obvious logic from an industrial and a strategic perspective, for all stakeholders involved, of bringing the businesses together in the context of the inevitable trend towards consolidation of first tier aerospace equipment firms.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has 55,000 employees and generated sales exceeding 10.4 billion euros in 2009. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.1 billion euros in 2009. Safran is listed on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100 indexes.
* * * *
For more information, www.safran-group.com
Pascal BANTEGNIE Catherine MALEK VP, Investor Relations Press Relations Manager Tel +33 (0)1 40 60 80 45 Tel +33 (0)1 40 60 80 28 [email protected] [email protected]
Safran group 2, bd du Général Martial Valin 75724 Paris Cedex 15 - France
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.