BNP Paribas advises on first M&A deal for Cobham

BNP Paribas is advising Cobham, the UK aerospace group, on an acquisition for the first time, in a rare transatlantic deal for the French bank.

Cobham is set to pay $73m (€62m) for the business and assets of the Litton life support unit of Northrop Grumman, the US defence company, subject to regulatory approval.

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