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Safran SA Acquires General Electric Co's Residual Stake in Morpho Detection Inc

Monday, 3 Dec 2012 07:00pm EST 

Safran SA announced the acquisition of General Electric Co's residual 19% stake in Morpho Detection Inc. (MDI). The operation results from the exercise of an option provided for in September 2009 when Safran acquired 81% of MDI from General Electric. The residual 19% stake is valued at EUR 90 million and its purchase is financed by Safran’s available cash in the current fiscal year. 

Company Quote

-0.055 -0.11%
2 Sep 2014