Dassault Aviation says Safran delays Thales deal
PARIS, July 28
PARIS, July 28 (Reuters) - Dassault Aviation (AVMD.PA) head Charles Edelstenne said Safran (SAF.PA) was holding up talks to swap assets with Thales (TCFP.PA) in a government-backed deal to rationalise the two companies' defence businesses.
"Every time Thales proposes a solution, Safran refuses everything," Edelstenne told a news conference on Thursday. "Thales makes an effort and it's always 'no'."
"The valuations are at a level that is a bit extraordinary," he added.
Indsutry sources say that talks have hit an obstacle over a cash supplement which Safran wants Thales to pay for its optronics business as part of the deal.
- Qatar adamant it will host 2022 World Cup despite doubts
- Argentina's Fernandez to meet billionaire investor Soros in New York
- New Jersey hiker killed by black bear : police
- Islamic State urges attacks on U.S., French citizens, taunts Obama
- Housing data hits Wall Street; S&P has worst day since August 5 |