French group Thales posts higher first-half profits, says Gemalto deal on track [Reuters]
GEMALTO NV ADR (GTOMY)
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Source: Reuters
French group Thales posts higher first-half profits, says Gemalto deal on track | Reuters Reuters Staff 2 Min Read PARIS (Reuters) - French defense electronics group Thales ( TCFP.PA ) reported higher first-half profits and said its planned 4.8 billion euros ($5.6 billion) takeover of security chipmaker Gemalto ( GTO.AS ) was on track. First-half earnings before interest and tax rose 30 percent from last year to 762 million euros, while sales advanced by 4.7 percent to 7.45 billion euros. Sources told Reuters on Thursday that Thales’ acquisition of Gemalto faced a full-scale European Union probe. Nevertheless, Thales said the deal was on track to be completed before the end of the year, once all necessary regulatory authorizations had been sealed. “The projected acquisition of Gemalto, a booster of this strategy, is proceeding as planned. It should be completed before the end of the year, once we have obtained all the necessary regulatory authorizations,” said Thales chairman and
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