Thales said to be selling unit to boost sales after Covid-19-related slowdown
Thales is working with Lazard on the divestiture and is expected to send information packages to potential buyers including Alstom, sources say
22 April 2021 - 17:09
Paris — Thales is putting its rail signalling business up for sale in a potential deal worth €1.5bn or more as the French defence and aerospace group seeks to streamline operations, people close to the matter said.
Thales, partially owned by the French state, makes equipment ranging from anti-jamming devices for fighter jets to airliner navigation beacons, and investors have often questioned the diversity of its portfolio of assets...
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