EU set to clear Safran’s $1.8B Collins deal, Reuters reports

EU antitrust regulators are set to approve French engine and aircraft equipment maker Safran’s (SAFRY) $1.8B bid for RTX‘s (RTX) Collins Aerospace’s flight controls business, people with direct knowledge of the matter said on Wednesday, according to Reuters. The European Commission’s decision is conditional on Safran selling its electromechanical actuation business in North America to address competition concerns, the people said.

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