Brief: France's FFP sells a stake in Safran for 132 mln euros

Peugeot Invest SA

23/11/2020 07:16

Nov 23 (Reuters) - France's FFP  FFPP.PA  said on Monday:
    * SOLD OFF A STAKE IN SAFRAN  SAF.PA FOR AROUND 132 MILLION
EUROS
    * SELLS ONE THIRD OF ITS STAKE IN SAFRAN FOR €132 MILLION
    * SINCE SAFRAN'S MERGER WITH ZODIAC, FFP ACHIEVED AN IRR OF
14.4%
ON ITS INVESTMENT IN SAFRAN
    * FFP CEO: “DESPITE A YEAR AFFECTED BY THE HEALTH CRISIS AND
ITS
ECONOMIC CONSEQUENCES, FFP MANAGED TO SEIZE NEW INVESTMENT
OPPORTUNITIES WHILE ALSO SECURING SOME MAJOR CAPITAL GAINS ON
DEALS


Further company coverage:  SAF.PA 

 (Paris Newsroom)
 ((+33 1 49 49 53 29;))