Sale Could Affect Snecma-Sagem Merger
The French government plans to sell 30% of the shares in Areva--a state-owned nuclear engineering company. The sale could affect a proposed Snecma-Sagem merger. Under terms of the proposal, Areva would have a 7.5% share of the combined companies (AW&ST Nov. 8, p. 32). The partial privatization of...
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