|Privatisation of Thomson S.A. (18) |
Privatisation of Thomson S.A. (18)
The Government has just undertaken the privatization of Thomson SA. Its objective is to privatize the Thomson group by the end of 1996.
This will enable the group to recuperate strategic scope to maneuver comparable to that of its competitors, thereby ensuring its industrial potential.
This move underlines the Government's determination to allow the Thomson group to become, in the highly strategic sector of electronics, a major pole capable of participating in the restructurations and reunions required on a European level in order to preserve our industrial competivity in the face of American competition.
No privatization plan has been decided upon. The task of the new Chairman of Thomson is to examine all the options and to submit his proposals to the Government. These proposals will be studied in close collaboration with the State within the time-limits allowed by the end of 1996 objective.
The examination of the various means of privatization will be carried out openly. The State will strictly ensure, whatever solution is chosen, that the essential interests of National Defense are preserved. It will also ensure that Thomson CSF and Thomson Multimedia are able, throughout the privatization period, to pursue their national and international activities in the best possible conditions.
Sources: French Ministry of Foreign Affairs and Ministry of Defense
French Embassies in London and Washington.
For more information, go to French National Defense.