A PYMNTS Company

France: Advent offers $2.7bn for Safran

By  |  September 29, 2016

Advent International today announced that it has entered into exclusive negotiations with Safran to acquire Safran Identity & Security, a global leader in identity and security solutions. Advent has made a firm and irrevocable offer of $2.72 billion for Safran I&S.

The proposed transaction is subject to customary approvals, such as the completion of the consultation process with the workers’ councils, the signing of a definitive agreement and antitrust and regulatory clearance.

Full Content: Advent International

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.