A PYMNTS Company

EU: Airbus, Safran win okay for Arianespace takeover

By  |  July 20, 2016

Plane manufacturer Airbus Group and French aero engine and equipment maker Safran won EU antitrust approval on Wednesday for their acquisition of rocket operator Arianespace after agreeing to measures to prevent exchange of sensitive data.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The two companies combined their space launcher activities two years ago, calling it Airbus Safran Launchers, to better compete with US low-cost rival SpaceX.

    The European Commission said the concessions include firewalls between Airbus and Arianespace to prevent information flow that could harm rivals, and an arbitration mechanism in future deals with third parties to ensure the implementation of the firewalls.

    Full Content: Reuters

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