Market Chatter: Safran to Receive EU Approval on $1.8 Billion Bid for Collins Aerospace's Flight Controls Business-June 2024-www.financetom.com

Market Chatter: Safran to Receive EU Approval on $1.8 Billion Bid for Collins Aerospace's Flight Controls Business

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Market Chatter: Safran to Receive EU Approval on $1.8 Billion Bid for Collins Aerospace's Flight Controls Business

Apr 2, 2025 10:05 AM

12:32 PM EDT, 04/02/2025 (MT Newswires) -- Safran is set to receive conditional EU antitrust approval on its $1.8 billion bid for RTX unit (RTX) Collins Aerospace's flight controls business, Reuters reported Wednesday, citing people familiar with the matter.

The European Commission's decision is conditional on Safran divesting its electromechanical actuation unit in the US to mitigate competition concerns, the sources told Reuters.

Safran agreed to offload the unit in December to US aircraft parts manufacturer Woodward, Reuters reported.

The Commission, Safran, and Collins Aerospace didn't immediately respond to comment requests from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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