Episodes and after much procrastination, it is now official since announced Tuesday by the two groups said in a statement. But the thrust of the operation could be even more important than it seems ...
Dassault Aviation will convene a central committee and a corporate board of directors and to introduce the AMF "an application does not proceed to compulsory public offer," also adds the text. Daily Finance and Investment Tips / Make Money by Learning
For Alcatel-Lucent, abused and traded just recorded its seventh consecutive quarter of net loss, the sale should allow a significant cash injection.
The management of electronics group Thales announced Tuesday for his part gave his "full support and assistance" to the possible transfer of 20.8% of its shares in Alcatel-Lucent to Dassault, after the announcement by the two groups.
"The management of Thales and its chairman Denis Ranque lend their full support and assistance to stakeholders in the phase of finalizing the transaction, pending the conclusion, in the interest of the group and all its shareholders" said a spokesman for Thales. "The advertised price of 38 euros per share for the transaction reflects the fundamental strength of the group regardless of market fluctuations instant," he continued.
On 30 October, Alcatel-Lucent was the first time confirmed consider a "possible divestment of its stake in the French electronics group Thales.
Already in mid-October, Dassault Aviation announced covet this block of shares "if it was available for sale", considered a strategic asset in the restructuring potential industrial landscape of the French Defense. According to the website of the Nouvel Observateur, the French group then acquire that participation in market prices, or 1.2 billion euros.
This statement was somewhat surprised industry analysts, and particularly since August 28, the CEO of Dassault Aviation, Charles Edelstenne, had, on the contrary, stated "determined to be out of Thales. "Currently we have 5%. It optimizes the placement. This is not the ideal time to sell Thales today," he said at a press conference on its interim results.
The European group EADS had also made an offer to buy early October this participation, valued at 1.81 billion euros, according to a source close to the case. According to the Nouvel Observateur, Mr. Gallois would have made an offer, subject to acceptance by its board of directors. But the French state and media group Largardère would have vetoed.
Rumors about a possible transfer from more than 20% of Alcatel in Thales "initialized" such as an article in the Financial Times in May 2008, were revived by the announcement late July departure of Serge Tchuruk and Patricia Russo at the head of Alcatel. Speculation about a possible takeover by EADS and Dassault had then taken from the force. But according to the FT, the matter could be more complex than it looks, and the stakes could be a deal between France and Germany via Areva, Siemens and EADS. Dassault even ...
Confirming rumors in the press, the FT also said last May that the Elysée do consider selling EADS participation Alcatel-Lucent stake in Thales.
The transaction would "merit" to reassure Germany face the "risks" of creating a new competitor in the size of the defense industry, where rapprochement between Thales and Safran. Which would be its "future" compromised by the partial takeover of EADS ... or Dassault.
This "concession" French would aim to convince Angela Merkel not to oppose the proposed merger Alstom-Areva, leaving the field open to a rapprochement between the French nuclear group Alstom and .... and a possible agreement between Areva and Bouygues. Nicolas Sarkozy may eventually take the helm of the new entity formed ...
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