Wednesday December 17, 08:15 AM
Alcatel-Lucent Thales stake sale "done deal"-paper
PARIS, Dec 17 (Reuters) - Telecoms gear maker Alcatel (Paris: FR0000130007 - news) -Lucent's sale of its 20.8 percent stake in defence electronics firm Thales (Paris: FR0000121329 - news) to Dassault Aviation (Paris: FR0000121725 - news) is a 'done deal', French daily Liberation reported on Wednesday.
Exclusive talks between Dassault and Alcatel-Lucent, which expects to net 1.6 billion euros ($2.24 billion) tax free from the sale, ended on Monday. The paper, citing an unnamed source, said the only element delaying an announcement was the future management of Thales.
The deal could lead to the departure of Thales Chief Executive Denis Ranque as a result of talks over a new shareholder pact between Dassault and the French state, which owns 26.6 percent of Thales, Liberation quoted the source as saying.
A Thales spokeswoman declined to comment on the report. An Alcatel-Lucent spokeswoman said the group was 'confident' over the outcome of the sale talks.
Dassault Aviation also declined to comment on the report.
(Reporting by Matt Gil; Editing by Rupert Winchester) ($1=.7137 Euro) Keywords: ALCATEL THALES/
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