Dassault buys Alcatel-Lucent stake in Thales

BANGALORE, INDIA: Communication solutions provider Alcatel-Lucent and Dassault Aviation today announced that they have signed the definitive agreement regarding the acquisition by Dassault Aviation of Alcatel-Lucent’s shares in Thales, namely 41,262,481 shares.

This transaction will be based on a price of EUR 38 per share, representing a total value of about Euro 1.57 billion, said a press release.

Thales is into design, production and sales of mission critical information systems for the Aerospace, Defence and Security market.

The closing of the transaction, foreseen for spring 2009, is in particular subject to regulatory and administrative approvals, of which those relative to antitrust, the release added.