First Eagle Funds and the SAICA have confirmed they have entered into exclusive negotiations in the context of the sale of Emin Leydier group. Emin Leydier group operates eight sites in France and First Eagle have held approximately 53% of the capital of the group since 2009. Over the past few years, Emin Leydier has consolidated its position by focusing on product quality, innovation and industrial performance. It generated revenues of €356 million euros in 2016. The envisaged transaction is subject to consultation with the Emin Leydier group employee representative bodies and approval from the EU competition authority.