The Crest of the Commonwealth of Australia Treasury Portfolio Ministers
Picture of Peter Costello

Peter Costello

Treasurer

11 March 1996 - 3 December 2007

Media Release of 12/10/2006

NO.111

FOREIGN INVESTMENT PROPOSAL: THALES AUSTRALIA HOLDINGS PTY LIMITED – ACQUISITION OF REMAINING 50 PER CENT INTEREST IN ADI LIMITED

I have today raised no objections under the Foreign Acquisitions and Takeovers Act 1975 to the proposed acquisition by Thales Australia Holdings Pty Limited, from Transfield Holdings Pty Limited, of the remaining 50 per cent of the shares that it does not own in ADI Limited. 

Thales Australia has committed itself to observe strict requirements in relation to national security obligations through an overarching deed agreed with the Department of Defence.  

The proposal will strengthen ADI’s future as a leading Australian defence contractor and also as a domestic supplier to the Australian Defence Force. 

CANBERRA
12 October 2006

Contact:
Renae Stoikos

0418 568 434