PR Newswire/Les Echos/
Press release
Statement from Safran
Paris, 11 July 2010
Safran confirms that a letter was addressed to the Chairman of the Supervisory
Board of Zodiac proposing that the two groups examine the merits of bringing
their activities together.
At this point, Safran acknowledges the reaction of Zodiac's Board while
remaining convinced of the obvious logic from an industrial and a strategic
perspective, for all stakeholders involved, of bringing the businesses together
in the context of the inevitable trend towards consolidation of first tier
aerospace equipment firms.
* * * *
Safran is a leading international high-technology group with three core
businesses: Aerospace (propulsion and equipment), Defence and Security.
Operating worldwide, the Safran group has 55,000 employees and generated sales
exceeding 10.4 billion euros in 2009. Working alone or in partnership, Safran
holds world or European leadership positions in its core markets. The Group
invests heavily in Research & Development to meet the requirements of changing
markets, including expenditures of 1.1 billion euros in 2009. Safran is listed
on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100
indexes.
For more information, www.safran-group.com
Investor Relations contact : Press contact :
Pascal BANTEGNIE Catherine MALEK
VP, Investor Relations Press Relations Manager
Tel +33 (0)1 40 60 80 45 Tel +33 (0)1 40 60 80 28
pascal.bantegnie@safran.fr catherine.malek@safran.fr
Safran group
2, bd du Général Martial Valin
75724 Paris Cedex 15 - France
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