France’s Thales mulls tie-up options

21st February 2005, Comments 0 comments

PARIS, Feb 21 (AFP) - Thales, the French defence technology group, has "many options open" regarding possible tie-ups, chief executive Denis Ranque told the French daily Les Echos in remarks published Monday.

PARIS, Feb 21 (AFP) - Thales, the French defence technology group, has "many options open" regarding possible tie-ups, chief executive Denis Ranque told the French daily Les Echos in remarks published Monday.

"The EADS option is only one of them," Ranque said, adding: "In order for a project to work, it would have to maximise the synergies and minimise the risks."

In November, reports in the French press said the European Aeronautic, Defence and Space Company (EADS) was planning a takeover bid for Thales in a deal orchestrated by the French government.

The state owns just over 15 percent of EADS and holds a 31 percent stake in Thales.

In the defence sector, Ranque told the paper a "new phase of consolidation" is now possible. Last week Thales and Finmeccanica declined to comment on a report that they have started talks on the possibility of an alliance in the the defence sector.

© AFP

Subject: French News

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