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ARKAY Arkema (PK)

89.36
-3.18 (-3.44%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Arkema (PK) USOTC:ARKAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -3.18 -3.44% 89.36 88.10 91.18 89.68 89.23 89.53 2,216 21:06:11

Safran Acquires Stake in New Battery Technology Specialist

22/01/2019 10:39am

Dow Jones News


Arkema (PK) (USOTC:ARKAY)
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By Olivia Bugault

 

Safran SA (SAF.FR) said Tuesday that it has acquired a stake in lithium-sulfur battery specialist OXIS Energy as it explores hybrid and electric-propulsion technology for aircraft.

Safran's stake acquisition is part of a 7 million pound-new fund raising ($9 million) by OXIS Energy, the French aerospace company said.

Chemical company Arkema and Samsung Ventures are among the other investors in OXIS Energy, it said.

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

January 22, 2019 05:24 ET (10:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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