Press Release: Mergers: Commission clears acquisition of the solid rocket propulsion business of SNPE by French aeronautical company SAFRAN

The European Commission has cleared under the EU Merger Regulation SAFRAN's proposed acquisition of the solid rocket propulsion business of French state-owned SNPE, composed of SNPE's subsidiary SNPE Matériaux Energétiques ('SME') and SNPE's participation in REGULUS, a joint venture between SNPE and the Italian company Avio. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.