Safran in talks with MBDA over Roxel's stake, La Tribune reports

Reuters09-09

(Reuters) - French jet engine maker Safran and European missile maker MBDA are in talks over the potential sale of tactical propulsion systems business Roxel, French weekly La Tribune reported on ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2466163742?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/6IUIhQj4pjcNSzQS2g18KQ--~B/aD01MzM7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/25a1cefd452e6536cb7610d53a091b93","is_english":true,"pubTime":"2024-09-09 18:45","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2466163742","market":"us","top_or_hot":-1,"title":"Safran in talks with MBDA over Roxel's stake, La Tribune reports","media":"Reuters","content":"<div>\n<p>(Reuters) - French jet engine maker Safran and European missile maker MBDA are in talks over the potential sale of tactical propulsion systems business Roxel, French weekly La Tribune reported on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/safran-talks-mbda-over-roxels-104526755.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Safran in talks with MBDA over Roxel's stake, La Tribune reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSafran in talks with MBDA over Roxel's stake, La Tribune reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-09 18:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/safran-talks-mbda-over-roxels-104526755.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - French jet engine maker Safran and European missile maker MBDA are in talks over the potential sale of tactical propulsion systems business Roxel, French weekly La Tribune reported on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/safran-talks-mbda-over-roxels-104526755.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAFRF","symbol_name":"Safran SA","start_time":0,"source_url":"https://finance.yahoo.com/news/safran-talks-mbda-over-roxels-104526755.html","article_id":"2466163742","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6IUIhQj4pjcNSzQS2g18KQ--~B/aD01MzM7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/25a1cefd452e6536cb7610d53a091b93"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466163742","pubTimestamp":1725878726,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" - French jet engine maker Safran and European missile maker MBDA are in talks over the potential sale of tactical propulsion systems business Roxel, French weekly La Tribune reported on Monday.Both companies own 50% of Roxel, and the proposed deal would have MBDA buying the remaining shares from Safran, the newspaper said, noting the talks have been going on for more than a year.Previous negotiations over Roxel buying back Safran's shares fell through in 2013, it added.Roxel, established in 2003 via a merger between France's Celerg and Britain's Royal Ordnance Rocket Motors, designs, develops, manufactures and sells solid propulsion systems for all types of rockets and tactical and cruise missiles. It currently employs around 800 people in France and Britain.In 2011, Safran acquired 50% of Roxel after buying SNPE's propulsion activities. A year later, Safran launched its Herakles unit, now overseeing Roxel, specialising in solid propulsion following a merger between SME and SPS.The ac","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SAFRF":"Safran SA","BK4187":"航天航空与国防","SAFRY":"Safran SA"},"translate_title":"据《洛杉矶论坛报》报道，赛峰集团正在与MBDA就Roxel的股份进行谈判","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAFRF":0.9,"SAFRY":0.9},"content_text":"(Reuters) - French jet engine maker Safran and European missile maker MBDA are in talks over the potential sale of tactical propulsion systems business Roxel, French weekly La Tribune reported on Monday. \n Both companies own 50% of Roxel, and the proposed deal would have MBDA buying the remaining shares from Safran, the newspaper said, noting the talks have been going on for more than a year. \n Previous negotiations over Roxel buying back Safran's shares fell through in 2013, it added. \n Roxel, established in 2003 via a merger between France's Celerg and Britain's Royal Ordnance Rocket Motors, designs, develops, manufactures and sells solid propulsion systems for all types of rockets and tactical and cruise missiles. It currently employs around 800 people in France and Britain. \n In 2011, Safran acquired 50% of Roxel after buying SNPE's propulsion activities. A year later, Safran launched its Herakles unit, now overseeing Roxel, specialising in solid propulsion following a merger between SME and SPS. \n The acquisition of Roxel would enable MBDA to enhance production and trim development cycles, La Tribune added. \n MBDA is a multinational joint venture between France's Airbus, Britain's BAE Systems - each with a 37.5% stake - and Italy's Leonardo, which owns the remaining 25%. \n When asked by Reuters about the report, a spokesperson for MBDA declined to comment, while Safran said it does not comment on market speculation. \n (Reporting by Gianluca Lo Nostro, editing by David Evans)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466163742"}