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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Safran SA | EU:SAF | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.50 | 0.63% | 239.90 | 238.40 | 240.00 | 241.00 | 238.60 | 239.40 | 629,017 | 16:40:00 |
From Feb 2022 to Feb 2025
By Mauro Orru
Safran SA entered into negotiations with French aerospace-and-defense company Thales SA to acquire its aeronautical electrical systems business, in a deal that is set to expand Safran's portfolio in electrical power generation, particularly in the defense and helicopter markets.
The French aerospace-industry supplier said Monday that Thales's aeronautical electrical systems business, which employs some 600 people, generated revenue of 124 million euros ($123.5 million) in 2021.
Safran expects a potential deal to take place in 2023.
For Thales, a deal would allow the group to refocus on its core businesses in aerospace, defense and security, and digital identity and security.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 05, 2022 13:15 ET (17:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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