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Deals

Alcatel-Lucent Thales stake sale "done deal":source

PARIS (Reuters) - Telecoms gear maker Alcatel-Lucent's ALUA.PA sale of its 20.8 percent stake in defense electronics firm Thales TCFP.PA to Dassault Aviation AVMD.PA is "a done deal," a source close to the matter told Reuters 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.

French daily Liberation reported on Wednesday, citing an unnamed source, that 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 Liberation report. An Alcatel-Lucent spokeswoman said on Tuesday the group was “confident” over the outcome of the sale talks.

Nobody was immediately available to comment at Dassault Aviation.

Reporting by Tim Hepher and Matt Gil; Editing by Richard Hubbard

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