HEADLINE NEWS
Snecma to Buy Sep in Non-merger Pact
PARIS In an about-face, France’s Snecma is preparing to acquire Societe Europeenne de Propulsion (SEP), abandoning its plan to sell its stake in noncore affiliates and subsidiaries such as SEP, Messier-Bugatti and Hispano-Suiza. State-owned Snecma is expected to invest $203.8 million to buy SEP shares currently owned by private investors.
By PIERRE SPARACO3 min