Made number of commitments to Italy govt (Il Sole 24 Ore Radiocor) - Paris, 06 Jun - The French aerospace engine and component maker Safran said that it was informed by the Italian government that it has decided to approve the sale to Safran of Microtecnica, part of the French company's planned acquisition of the actuation and flight control business of Collins Aerospace.

Safran said it made a number of commitments, which are compatible with the targeted objectives of this acquisition, and which address the concerns expressed in the 2023 Italian decree and provide adequate safeguards of the Italian national interests.

Safran also said that in the UK, the Secretary of State has reviewed the notification made under the National Security and Investment Act and has informed Safran that he will take no further action in relation to the proposed acquisition.

This constitutes an unconditional clearance.

The completion of this proposed acquisition still remains subject to obtaining other regulatory approvals, particularly with regard to merger control, and customary closing conditions.

AAA-Sch

(RADIOCOR) 06-06-24 12:06:45 (0286) 5 NNNN