BRUSSELS, March 17 (Reuters) - French engine and
aircraft equipment maker Safran has offered remedies in
an attempt to secure EU antitrust approval for its $1.8 billion
bid for Collins Aerospace's flight controls business, an update
on the European Commission website showed on Monday.
The EU competition enforcer, which did not provide details
in line with its policy, extended its decision deadline on
Safran's bid for the U.S. company to April 4 from March 21.
It is now expected to seek feedback from rivals and
customers before deciding whether to accept the concession,
demand more or open a four-month long investigation.
Safran in December announced the sale of its
electromechanical actuation business in North America, which
includes its intellectual property, operations assets, staff,
and customer agreements for HSTA systems, to U.S. aircraft parts
maker Woodward.
It said the deal was related to the Collins acquisition.
The EU antitrust watchdog had in February asked rivals and
customers whether the deal would give Safran more market power,
a person familiar with the familiar told Reuters.