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Image header Agence Europe
Europe Daily Bulletin No. 9402
Contents Publication in full By article 15 / 34
GENERAL NEWS / (eu) eu/competition

Commission approves acquisition of two space joint ventures by Thales and Finmeccanica

Brussels, 05/04/2007 (Agence Europe) - On Wednesday 4 April, the European Commission cleared the proposed acquisition by Thales of France of Alcatel's shareholdings in the space joint ventures Alcatel Alenia Space (AAS) of France and Telespazio of Italy, currently jointly controlled by Alcatel and Finmeccanica. The latter will keep its share in the joint ventures.

Thales holds a leading position for Travelling Wave Tubes (TWTs), a critical component for telecommunications satellites. AAS is...

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