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

SAFRAN (SAF)
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Safran : EU Commission Clears Safran Takeover of Zodiac

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12/21/2017 | 01:27pm CET
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
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Financials (€)
Sales 2017 16 351 M
EBIT 2017 2 404 M
Net income 2017 2 097 M
Finance 2017 451 M
Yield 2017 1,65%
P/E ratio 2017 16,54
P/E ratio 2018 20,26
EV / Sales 2017 2,30x
EV / Sales 2018 2,07x
Capitalization 38 025 M
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Safran Technical Analysis Chart | SAF | FR0000073272 | 4-Traders
Technical analysis trends SAFRAN
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 90,0 €
Spread / Average Target -1,3%
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
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