The terms of the deal will see each company own 50% of the business, which will be headquartered in France with further operations in the UK and Germany. Both have signed a memorandum of understanding, with definitive agreements expected to be finalised in the next few months.
July 09, 2014 at 07:08 AM
1 minute read
The original version of this story was published on Legalweek
Slaughter and May and Baker & McKenzie have won the leading roles on jet engine maker Rolls-Royce proposed joint venture with European engineering and defence company Safran’s Hispano-Suiza arm.
The deal between Derby-based Rolls-Royce and Safran would create a new business developing accessory drive train transmissions systems – which transmit power between aircraft components – for Rolls-Royce civil aero engines.
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