Saft commences consultation on proposed sale of Nersac subsidiary

Advanced technology battery manufacturer Saft has given exclusivity for the sale of its Nersac-based subsidiary, Small Nickel Battery (SNB), to French investment company Fin'Active.

Advanced technology battery manufacturer Saft has given exclusivity for the sale of its Nersac-based subsidiary, Small Nickel Battery (SNB), to French investment company Fin'Active.

Following a firm commitment from Fin'Active to acquire SNB, Saft stated that it had commenced a consultation process with the workers council. Once the process has been finalised, Fin'Active is expected to acquire the SNB business and its 340-strong workforce.

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