Thales Considers Boosting DCNS Stake

23 May 2008 (Last Updated May 23rd, 2008 10:59)

Thales says it is reconsidering its option to boost its stake in DCNS due to expectations of lower than expected orders for navy ships. Thales is looking at increasing its 25 percent stake in the company to 35 percent, La Tribune reports. Thales will not increase its stake un

Thales says it is reconsidering its option to boost its stake in DCNS due to expectations of lower than expected orders for navy ships.

Thales is looking at increasing its 25 percent stake in the company to 35 percent, La Tribune reports.

Thales will not increase its stake unless DCNS achieves €2.5 billion in sales and a net margin of 5 percent.