Snecma Acquires Societe Europeenne De Propulsion
PARIS In an about-face, France's Snecma is preparing to acquire Societe Europeenne de Propulsion (SEP), abandoning its plan to sell its stake in noncore affiliates and subsidiaries such as SEP, Messier-Bugatti and Hispano-Suiza. State-owned Snecma is expected to invest $203.8 million to buy SEP...
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