To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

Thales pulls up stakes in Hanwha

16th August 2016 - 06:00 GMT | by Gordon Arthur in Hong Kong

RSS

Hanwha Techwin will take over Thales’ 50% stake in the Hanwha Thales joint venture, according to a filing to the Korea Exchange on 29 July.

Hanwha Techwin will pay $253 million in cash for the business, which will also give it 100% ownership once the transaction gains governmental approval. Thales announced on 27 July it was divesting its stake.

A spokesperson from Thales explained to Shephard the reason for pulling out of this joint venture that commenced in 2000.

‘Over the past few months, the landscape of the South Korean defence industry has been evolving significantly and at a very

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 1 free story per week
  • Personalised news alerts
  • Daily and weekly newsletters
  • Free magazine subscription to all our titles
  • Downloadable equipment data handbooks
  • Distribution rights (Corporate only)
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
  • 10-year news archive access
  • Downloadable equipment data handbooks
  • Distribution rights (Corporate only)
Start your free trial
Gordon Arthur

Author

Gordon Arthur


Gordon Arthur is the Asia Pacific editor for Shephard Media. Born in Scotland and educated …

Read full bio

Share to

Linkedin