Safran rebounds strongly after France sells 1.4% block at tight discount

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Safran rebounds strongly after France sells 1.4% block at tight discount

Safran rocket 2

After defence stocks emerged as a winning sector after Donald Trump’s victory in the US presidential election on November 9, the French government took the opportunity on Tuesday night to sell a 1.39% stake in Safran, the French aerospace and defence group, for €365m.

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