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Latecoere SA (LAEP.PA)

LAEP.PA on Paris Stock Exchange

3.51EUR
18 Apr 2019
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Tue, Apr 2 2019

Searchlight Capital to buy 26 percent stake in France's Latecoere

PARIS Investment company Searchlight Capital Partners has agreed to buy a 26 percent stake in French aeronautics company Latecoere for around $106.8 million, as activist funds continue to flex their muscles.

Searchlight Capital to buy 26 percent stake in France's Latecoere

PARIS Investment company Searchlight Capital Partners has agreed to buy a 26 percent stake in French aeronautics company Latecoere for around $106.8 million (£81.7 million), as activist funds continue to flex their muscles.

UPDATE 2-Searchlight Capital to buy 26 pct stake in France's Latecoere

* Searchlight seeking board representation at Latecoere (Adds share price reaction, background)

REFILE-UPDATE 1-Latecoere sees new contract costs reducing 2019 profits

Dec 5 French aerospace equipment maker Latecoere cut its 2019 earnings outlook on Wednesday, saying additional start-up costs related to new contracts would temporarily weigh on margins and cash flow.

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