AlcaLu to Sell Thales
With Thales's stock currently trading at €33.49, up 7.5 percent today on the Paris exchange, AlcaLu's stake is worth about €1.38 billion (US$1.88 billion).
None of the parties is commenting on the report.
The prospect of a cash injection from a potential sale helped AlcaLu's stock, too -- it is trading up more than 13 percent today in Paris at €1.94.
AlcaLu transferred its space assets to Thales in April 2007 following the merger of Alcatel and Lucent. Since then, though, the vendor has looked to divest non-core assets, so the sale of its Thales holding would be in line with that strategy. (See AlcaLu Sells Fiber Stake and AlcaLu Transfers Space Assets.)
— Ray Le Maistre, International News Editor, Light Reading