Long-Delayed IPO Will Offer 35% of Snecma's Shares

Credit: SNECMA
Now firmly planned for June, the long-awaited privatization of Snecma is aimed at revitalizing the world's fourth biggest propulsion group behind General Electric, Pratt & Whitney and Rolls-Royce. However, the government of Prime Minister Jean-Pierre Raffarin does not intend to relinquish control of...

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