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ZC - Zodiac Aerospace SA News Story

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Last Trade - 16/03/18

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £4.26bn
Position in Universe th / 865

Peugeot shareholder FFP buys stake in Safran

Tue 27th February, 2018 6:30am
PARIS, Feb 27 (Reuters) - French investment company FFP 
 FFPP.PA , one of the leading shareholders in Peugeot  PEUP.PA , 
has acquired a stake in French aerospace and technology group 
Safran  SAF.PA  with a view to having a say on how Safran is 
governed and managed. 
    The FFP said in a statement on Tuesday that following 
Safran's takeover of Zodiac Aerospace and after a further 
purchase of Safran shares on the market, it now held around 3.2 
million Safran shares. 
    It added it aimed to take part in the governance of Safran 
via the creation of a new joint company, which would be called 
F&P and would be represented by Robert Peugeot. Safran 
shareholders would be able to vote to formally approve that 
company's role at Safran's annual shareholder meeting in May. 
    "Having actively contributed to the merger between Zodiac 
Aerospace and Safran, we are delighted to become shareholders of 
one of the main French players in the global aviation industry, 
whose medium-term prospects are attractive," Robert Peugeot said 
in a statement. 
    "We look forward to making a contribution to the development 
of the new group on Safran's board of directors," he added. 
 
 (Reporting by Sudip Kar-Gupta; Editing by Vyas Mohan) 
 ((mailto:sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84; 
Reuters Messaging: 
rm://sudip.kargupta.thomsonreuters.com@reuters.net)) 
 
Keywords: SAFRAN RESULTS/FFP
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