BlackRock, acting on behalf of clients and funds, has declared to the AMF that on January 2 it exceeded the threshold of 5% of Safran's share capital and held 5.05% of the share capital and 3.98% of the voting rights of the aircraft engine and equipment manufacturer.
The American asset management giant explained that this threshold crossing was the result of an acquisition of Safran shares on the market and an increase in the number of shares held as collateral.
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Safran is a high technology international group, a leading equipment provider in the Aerospace and Defense markets. The group specializes in the design, manufacturing, and marketing of equipment and systems of high technology mechanical and electronic equipment. Net sales break down by product family as follows:
- aeronautic and space propulsion systems (50.4%): helicopter motors (No. 1 worldwide), civil and military airplanes motors, systems for space lancers and missiles, turboreactors for drone targets, etc.;
- aircraft equipment, defense systems and aerosystems (38.5%): airplane engine pods, landing gear, braking systems, electric wiring systems, etc. Safran also offers on board aircraft systems and equipment (primarily evacuation slides, emergency arresting systems, protective parachutes and oxygen systems, electrical power management systems, control systems, water and waste management systems and connectivity systems) and defense and security systems (helicopter flight controls, fingerprint-based biometric identification systems (No. 1 worldwide), inertial systems, optronic systems, tactical drone systems, etc.);
- aircraft interiors (11%): cabin interiors and seats;
- other (0.1%).
Net sales are distributed geographically as follows: France (19%), Europe (23%), Americas (33%), Asia and Oceania (16%), Africa and the Middle East (9%).
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Investor
Investor
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Global
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