The European Commission has given 'unconditional clearance' to Alcatel-Lucent's recent move to transfer its shareholdings in two space joint venture companies - Alcatel Alenia Space and Telespazio - to Thales.
This final regulatory approval permits the transfer of Alcatel-Lucent's satellite shareholdings, in addition to its railway signaling business and its integration and services activities for mission-critical systems which were already transferred to Thales in January.
Under the terms of the deal 25 million new Thales shares were issued in favour of Alcatel-Lucent, as well as a cash payment of â¬710m. As a result, Alcatel-Lucent's interest in Thales increased from 9.46 per cent to 20.95 per cent. The French State remains Thales' main shareholder with a 27.29 per cent stake (compared with 31.26 per cent previously).
14nm Cavium ThunderX2 CPUs deployed in HPE Apollo 70 supercomputer for US National Nuclear Security Administration
MWR's Countercept platform and phishd technologies key to F-Secure acquisition
Brexit labour shortages will lead to higher adoption of robotics
Newbies will be thrown in with the big boys on Sanhok as Kar98 fodder