Safran Started Process to Sell its Morpho Unit -- Report
18 Mayo 2016 - 2:13AM
Noticias Dow Jones
By Inti Landauro
PARIS--French aerospace, defense and security company Safran SA
(SAF.FR) has begun the sale of safety unit Morpho, part of a plan
to focus more squarely on airplane-engine manufacturing, Le Figaro
reported Wednesday, without citing any sources.
Safran hired investment banks Societe Generale and Lazard to
find a buyer for Morpho, a company that sells systems to identify
fingerprints among other security products, the newspaper said.
Potential buyers have until mid-June to submit bids for Morpho,
Le Figaro said, adding technology firms such as Atos SE (ATO.FR),
Gemalto NV (GTO.AE) and Oberthur Technologies are interested.
Private equity firms such as Eurazeo (RF.FR), Wendel SA (MF.FR),
KKR, Apollo or Carlyle could also bid for Morpho, the newspaper
said, citing unidentified sources.
Safran already sold last month another unit Morpho Detection to
Smiths Group (SMIN.LN) for $710 million.
A Safran spokeswoman didn't return a phone call seeking
comment.
Newspaper Web site: http://www.lefigaro.fr
-Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
May 18, 2016 02:58 ET (06:58 GMT)
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