Thales exercises its put option in Hanwha Thales (HTC)
The jointly-owned company Hanwha Thales was created in 2000 by Samsung and Thales to develop the defence electronics in Korea. In June 2015, Samsung sold its defence related businesses to Hanwha. In this context, Hanwha and Thales negotiated a put/call option on Thales’ shares in their jointly owned company. Considering Hanwha and Thales respective ambitions

