SNPE CEO Antoine Gendry and Safran Chairman/CEO Jean-Paul Herteman say they expect the long-awaited merger of SNPE’s solid propulsion activities with those of Safran to be concluded “within the coming months,” following the recent spin off of SNPE’s chemical business. Discussions continue on valuation and other details, but the main stumbling block, they say, is how to share environmental cleanup costs. The search for a partner for SNPE’s 60% share in powder and explosives affiliate Eurenco ...

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