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Safran announced that the Italian government approved the sale of Microtecnica S.r.l, which includes Collins Aerospace's actuation and flight control assets in Italy, as part of a broader acquisition. UK clearance has also been received, pending other regulatory approvals.
Safran has been informed of the Italian government's decision to exercise its Golden Power, opposing the sale of Microtecnica S.r.l (the Italian assets of Collins Aerospace's actuation and flight control business) to Safran. Safran remains committed to the transaction and is working with all parties to determine next steps.