EC approves Saft sale to Doughty Hanson

The European Commission today approved the £270m (€385m) purchase by British-based private equity firm Doughty Hanson of French telecommunications equipment supplier Alcatel’s battery division Saft.

EC approves Saft sale to Doughty Hanson
Mon, 15 Dec, 2003 - 12:18

The European Commission today approved the £270m (€385m) purchase by British-based private equity firm Doughty Hanson of French telecommunications equipment supplier Alcatel’s battery division Saft.

The purchase price is well below the £500m (€713m) Alcatel initially expected.

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