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Investing.com -- The Competition and Markets Authority (CMA) in the UK on Tuesday initiated an inquiry into the proposed acquisition of a portion of Collins Aerospace's actuation and flight control business by French aerospace-industry supplier, Safran (EPA:SAF).
The CMA is contemplating whether this merger, if executed, could potentially diminish competition in any UK market for goods or services.
The regulator has established a deadline for its phase 1 decision, which is set for April 16.
The objective of this investigation is to ensure that the proposed purchase does not negatively impact the competitive landscape of the aerospace industry in the U.K.
Safran, a French company, is a significant player in the global aerospace industry, and Collins Aerospace is a well-known provider of actuation and flight control solutions.
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