Alcatel sells Thales stake

1558

The French telecoms giant sells its 20.8% stake in defence electronics company Thales to Dassault Aviation.

French telecoms equipment giant Alcatel-Lucent is close to selling its 20.8% stake in defence electronics company Thales to Dassault Aviation, French daily La Tribune reported today.

The deal is imminent and may be announced at the start of the week, La Tribune said, without citing a specific source.

Alcatel declined to comment while Dassault Aviation could not be immediately reached for comment.

In August, Dassault Aviation said it was not interested in buying Alcatel Lucent`s stake in Thales.



Speculation of a sale of Alcatel`s stake in Thales has risen following a management shake-up at the French telecoms equipment group, with Dassault and Airbus parent EADS cited as potential buyers.