Dassault to sell SABCA stake to Sabena and SFPI/FPIM joint venture

Dassault Belgique Aviation has agreed to sell its 96.85% stake in SABCA to a new joint venture company to be established by Sabena Aerospace and SFPI/FPIM for EUR 74.57 million. The transaction is subject to merger control approval and expected to close at the end of Q2 2020.

“We are very happy with the new shareholders, who are genuinely interested in supporting the growth and development potential of SABCA as a major actor in the Belgian aerospace industry.”brusselstimes.com

• 4 sources
• brusselstimes.comFederal government in partnership to take over aero-parts manufacturer SabcaThe Brussels TimesFeb 7, 2020
• aviator.aeroDassault To Sell Its Participation In SABCA / aviator.aeroFeb 7, 2020
• newsroom.aviator.aeroDassault To Sell Its Participation In SABCA / aviator.aeroFeb 7, 2020
• aviation24.beDassault sells its 96.85% shareholding in SABCA to Sabena Aerospace and SFPI/FPIM - Aviation24.beBenoit DenetFeb 7, 2020

Summarized from public sources; check the original articles before acting on it.