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Aircraft seat maker Zodiac's shares fly on Safran's 8.5b euro bid

Friday, January 20, 2017 - 05:50

Paris

FRENCH aero engine maker Safran on Thursday launched an 8.5 billion euro (S$13 billion) agreed bid for seats manufacturer Zodiac Aerospace to create the world's third-largest aerospace supplier as the industry bulks up to tackle record high output plans.

The deal comes three

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