Sagard, BPI France to buy Sabena Technics

18.12.2018

TAT Group entered into exclusive negotiations with the investment companies Sagard, Bpifrance and TowerBrook in order to sell them its majority interest in its french subsidiary Sabena technics, one of the European leaders in the field of aircraft maintenance and modification.

This project was presented on December 17, 2018 to all Sabena technics Group’ s works councils. TAT Group intends to keep a minority shareholding in the Paris-headquartered MRO provider, which supports commercial and military aircraft. Sabena technics is a member of Airbus's MRO Alliance. However, the MRO also supports other manufacturer's equipment. The sale should be finalized during the second quarter of 2019, subject to the completion of this procedure and the approval of the supervisory authorities.
www.sabenatechnics.com