Safran offers remedies to win EU approval for Collins deal

Foo Yun Chee

Mon, Mar 17, 2025, 7:37 AM 1 min read

By Foo Yun Chee

BRUSSELS (Reuters) - French motor and craft instrumentality shaper Safran has offered remedies successful an effort to unafraid EU antitrust support for its $1.8 cardinal bid for Collins Aerospace's formation controls business, an update connected the European Commission website showed connected Monday.

The EU contention enforcer, which did not supply details successful enactment with its policy, extended its determination deadline connected Safran's bid for the U.S. institution to April 4 from March 21.

It is present expected to question feedback from rivals and customers earlier deciding whether to judge the concession, request much oregon unfastened a four-month agelong investigation.

Safran successful December announced the merchantability of its electromechanical actuation concern successful North America, which includes its intelligence property, operations assets, staff, and lawsuit agreements for HSTA systems, to U.S. craft parts shaper Woodward.

It said the woody was related to the Collins acquisition.

The EU antitrust watchdog had successful February asked rivals and customers whether the woody would springiness Safran much marketplace power, a idiosyncratic acquainted with the acquainted told Reuters.

(Reporting by Foo Yun Chee; Editing by Tomasz Janowski)