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Safran: EU authorises takeover of Zodiac Aerospace

(CercleFinance.com) - The European Commission has unconditionally approved of Safran's planned acquisition of Zodiac Aerospace.

It concluded that the transaction would not raise competition issues in the relevant markets.

Commissioner Margrethe Vestager, in charge of competition policy, said: "Both Safran and Zodiac are significant French actors in the aeronautics markets but competition in these markets in Europe will remain strong. We can green light this transaction and the emergence of a strong European player with our EU merger rules."

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