Safran Acquires Stake in New Battery Technology Specialist
22 Janvier 2019 - 11:39AM
Dow Jones News
By Olivia Bugault
Safran SA (SAF.FR) said Tuesday that it has acquired a stake in
lithium-sulfur battery specialist OXIS Energy as it explores hybrid
and electric-propulsion technology for aircraft.
Safran's stake acquisition is part of a 7 million pound-new fund
raising ($9 million) by OXIS Energy, the French aerospace company
said.
Chemical company Arkema and Samsung Ventures are among the other
investors in OXIS Energy, it said.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
January 22, 2019 05:24 ET (10:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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