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BRIEF-Thales says end talks with Latour Capital on sale of revenue collection, road tolling business
May 9, 2017 / 4:13 PM / in 5 months

BRIEF-Thales says end talks with Latour Capital on sale of revenue collection, road tolling business

May 9 (Reuters) - Thales Sa

* French defence electronics group Thales said it ended exclusive negotiations on sale of revenue collection, road tolling and car park management systems business with private-equity firm Latour Capital

* “Latour Capital has concluded that this business is not aligned closely enough with its investment priorities”, Thales said in a statement on Tuesday

* Thales will continue weighing “various options” for the business, it said.

* Thales’ ticketing business employs 850 people and generated 190 mln euros of revenue in 2016, up 20 percent from a year earlier. Further company coverage: (Reporting by Mathieu Rosemain)

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