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DASSAULT AVIATION : Dassault Aviation completes the acquisition of GIMD’s stakes in Thales

Written by thomas · Filed Under Aeronautics News 

May 20, 2009

thomas

PARIS–(Marketwire – May 20, 2009) – GIMD and Dassault Aviation today announced that they have completed the acquisition by Dassault Aviation of GIMD’s shares in Thales, namely 10,277,043 shares.

The transaction is based on a price of EUR 38 per share, representing a total value of about Euro 390.5 million.

The transfer of shares took place on May 20, 2009. The payment was made 50% cash / 50% on credit (repaid 1/4 after one year, 1/4 after two years).

About Dassault Aviation

Dassault Aviation is a major world player in the aeronautical industry, involved in the civilian and military fields. The company’s leadership status is driven by expertise in emerging and strategic technologies, trend-setting design capabilities, lean and flexible production facilities, a highly skilled and committed workforce, and a broad portfolio of civilian and military products.

World leader for the top-of-the-range business jets and only manufacturer of business jets in Europe with the Falcon family, Dassault Aviation also produces the Rafale combat aircraft. The French authorities appointed Dassault Aviation as prime contractor of nEUROn, an European UCAV demonstrator programme.

Thanks to its unique experience as an architect of complex airborne systems and digital flight control systems, the Company brings innovative cooperation schemes to the European military aviation sector.

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