Tuesday, May 5, 2009
Safran To Buy GE Sec. Homeland Biz For 438M Eur
Safran, a French airplane propulsion company, agreed to acquire GE Security's homeland protection business for 438 million EUR ($580 milion). The transaction is expected to be completed in mid 2009. UBS Investment Bank advised Safran; JPMorgan and Citigroup advised GE.
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