Thales (FR:HO) has released an update.
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Thales has successfully completed the sale of its ‘Ground Transportation Systems’ division to Hitachi Rail for €1.66 billion, as part of its strategy to concentrate on Aerospace & Space, Defence & Security, and Cybersecurity & Digital Identity markets. The transaction, which includes a workforce of about 9,000, will have its financial impact reflected in the second quarter of 2024.
For further insights into FR:HO stock, check out TipRanks’ Stock Analysis page.
