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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Safran    SAF   FR0000073272

SAFRAN (SAF)
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Real-time Quote. Real-time Tradegate - 04/19 11:44:56 am
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Safran : EU Commission Clears Safran Takeover of Zodiac

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12/21/2017 | 01:27pm CEST
By Alberto Delclaux 
 

The EU Commission said Thursday that it had approved unconditionally Safran SA's (>> Safran) acquisition of Zodiac Aerospace (>> Zodiac Aerospace), as the deal raised no competition concerns in the relevant markets.

Safran's increased market share as a result of the deal is limited and it will face strong competition from other suppliers in the aircraft electrical-systems market, the commission said.

On markets in which the two companies participate at different stages of the supply chain, the commission said the company won't have the ability or incentive to foreclose third parties.

"Both Safran and Zodiac are significant French actors in the aeronautics markets but competition in these markets in Europe will remain strong," Competition Commissioner Margrethe Vestager said.

The takeover, in which Safran will pay around EUR7.3 billion ($8.7 billion) for Zodiac, was notified to the commission on Nov. 16.

Write to Alberto Delclaux at [email protected]

Stocks mentioned in the article : Safran, Zodiac Aerospace
Stocks mentioned in the article
ChangeLast1st jan.
ZODIAC AEROSPACE 0.00%-End-of-day quote.-0.40%
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Financials (€)
Sales 2018 18 940 M
EBIT 2018 2 621 M
Net income 2018 1 914 M
Debt 2018 5 490 M
Yield 2018 1,92%
P/E ratio 2018 19,77
P/E ratio 2019 16,95
EV / Sales 2018 2,27x
EV / Sales 2019 1,92x
Capitalization 37 508 M
Chart SAFRAN
Duration : Period :
Safran Technical Analysis Chart | SAF | FR0000073272 | 4-Traders
Technical analysis trends SAFRAN
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 92,3 €
Spread / Average Target 2,6%
EPS Revisions
Managers
NameTitle
Philippe Petitcolin Chief Executive Officer & Director
Ross McInnes Chairman
Bernard-Pierre Jacques Delpit Chief Financial Officer
Jean-Marc Forneri Independent Director
Patrick Gandil Director
Sector and Competitors
1st jan.Capitalization (M$)
SAFRAN4.69%46 417
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HEICO CORP20.30%8 434
AVIC AIRCRAFT CO LTD--.--%8 211