The European Commission has concluded that the proposed creation of a
joint venture for space launchers, satellite subsystems and missile
propulsion between Airbus Group N.V. of The Netherlands and Safran S.A.
of France is in line with the EU Merger Regulation. Both Airbus and
Safran are active in the aerospace and defence industries. The decision
is conditional upon the exclusion of Safran's activities in electric
satellite thrusters from the joint venture, as well as on certain supply
assurance commitments.
The Commission had concerns that the joint
venture could have shut out Airbus' competitors or limited their access
to certain supplies, as well as transmitted strategic information to
Airbus. The commitments offered by Airbus and Safran address these
concerns.
On 8 October 2014, Airbus and Safran notified plans to
create a joint venture to which they would contribute their respective
activities in space launchers, satellite subsystems and missile
propulsion. In addition, Airbus and Safran intend to acquire, at a later
stage, control over the satellite launch operator Arianespace. However,
this would be a separate transaction and today's decision neither takes
it into account nor prejudges the possible assessment of such a
transaction in the future.
read full article at European Commission
No comments:
Post a Comment
Hi and thank you for your interest in sharing your view.
Please be aware that your message should follow the rules of creative criticism and knowledge/ideas sharing. No defamatory, insulting, hideous, hateful, inapropriate language or targeted messages would be posted.No trademark or IP violation will be allowed nor the promotion of any commercial services or products. Of course anything that can violate others' privacy is not allowed as well.
Last, but not least, mind that it is better to have a discussion than angry monologues.
That is all. Comments welcome!