Share in aircraft seat manufacturer took a tumble after engine manufacturer Safran announced it decided not to make an offer to buy the company.
Share in Zodiac fell 6.3% to €48.62, while shares in Safran rose 4.4% to €23.63.
“Following several contacts and under current circumstances, the conditions for a friendly combination are not met,” Safran said in a statement.
Related posts
Embraer expects to deliver up to 240 aircraft in 2025
27th February 2025