Keyword: sale

Dassault denies being forced into business deal with Modi ally

French aerospace and defence group Dassault Aviation has issued a statement insisting it 'freely' chose India's Reliance Group, run by a businessman close to Indian Prime Minister Narendra Modi, as its local industrial partner as part of the sale to New Delhi of 36 Rafale fighter planes, following the revelation by Mediapart of a document in which one of its senior executives is cited as saying the choice of Reliance was  'imperative and obligatory' in securing the contract. 

Indian defence minister dismisses Mediapart report

Speaking at a press briefing in Paris on Thurday, Indian defence minister Nirmala Sitharaman reiterated her government's claim that did not impose an Indian company run by a businessman close to Prime Minister Narendra Modi as local industrial partner for Dassault Aviation in the sale to New Delhi of 36 Rafale fighter planes, despite new evidence published by Mediapart suggesting that was the case.

François Hollande, his partner’s film, and the French fighter jet sale to India

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Julie Gayet and François Hollande. © Reuters Julie Gayet and François Hollande. © Reuters

The sale to India by France of 36 Dassault Rafale jet fighters, signed during the presidency of François Hollande, is at the centre of a growing scandal in India where opposition parliamentarians have demanded a detailed investigation of the deal, alleging favouritism, mismanagement of public funds, and the endangering of national security. They are notably suspicious of the circumstances by which India’s Reliance Group was assigned as Dassault’s partner in the building of the jets. As Karl Laske and Antton Rouget report here, at the very time the deal was struck, Reliance provided funding for a film produced by Hollande’s personal partner, the actress Julie Gayet.

Greece to buy two French frigates: report

Greek media reports say Athens is to begin negotiating the purchase from France of two French-Italian-designed FFREM-class multimission frigates, and is eyeing a further deal for two French Gowind-class corvettes. 

Woolly mammoth skeleton sells at French auction for 548,000 euros

The giant skeleton of a male, which was discovered in permafrost in Siberia ten years ago and is believed to be the largest in private ownership, was sold at an auction in Lyon. 

Judicial probe widens to French secret services' role in 'Kazakhgate' deal

By and Alain Lallemand (Le Soir), Thierry Denoël (Le Vif) Et Mark Eeckhaut (De Standaard)

The financial crime branch of France’s public prosecution services has widened the remit of a judicial investigation into suspected corruption in a sale of French helicopters to Kazakhstan to include the suspected involvement of France’s intelligence services in a plan to protect a businessman close to the Kazakh president from prosecution in Belgium. The move follows revelations by Mediapart and Belgian daily Le Soir of evidence suggesting the intelligence services were manipulated by officials of the French presidency under Nicolas Sarkozy in order to seal the deal worth a total of 2 billion euros. Yann Philippin reports in collaboration with Mediapart's Belgian press partners in this investigation, Alain Lallemand (Le Soir), Thierry Denoël (Le Vif) and Mark Eeckhaut (De Standaard).

India eyes China with bargain deal for French jets

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The Rafale fighter jet. © Dassault Aviation The Rafale fighter jet. © Dassault Aviation

The 8-billion-euro contract signed in New Delhi on Friday for the supply of 36 French-built Rafale fighter jets has been hailed by Paris as a major coup that underlines the technological prowess of the French aeronautical industry. But, Mediapart’s India correspondent Guillaume Delacroix reports, the deal was struck after France agreed to massive discounts which virtually halve the total cost. But it also marks a new defence strategy by India, which now regards China as the principal threat to its security, and no longer Pakistan.

India confirms deal to buy 36 fighter jets from France

The defence ministers of the two countries will sign the deal in New delhi on Friday for Indias' purchase of 36 Dassault-built Rafale jets, reportedly at a cost of around 7.9 billion euros.

Hollande in India to push fighter deal and sale of nuclear reactors

France's president said an agreement was under discussion for India's purchase of 36 Rafale jets, along with a deal for six Areva-built reactors.

Canadian elections see Ottowa's bid for France's Russia-bound warships slip away

The Mistral-class helicopter carriers built for deal with Russia that was annulled by embargo over Crimea conflict, could now go to Egypt and India.

Taxpayers and electricity consumers to feel cost of Areva sell-off to EDF

Sale of ailing nuclear giant's power station development activities to utilities firm EDF will likely entail major costs for the latter and the state.

Vivendi confirms bid to buy Dailymotion

The media group's move comes after government pressure on Dailymotion owner Orange to keep the Youtube competitor in French hands.

French defence minsiter heads to New Delhi to save uncertain Rafale fighter deal

Following a recent breakthrough deal to sell the Dassault jets to Egypt, Jean-Yves Le Drian will attempt to shore up a $12 billion deal with India.

Egypt, France ink contract for first Rafale fighter jet sale

French defence minister Jean-Yves Le Drian and the CEO of the jet's maker Dassault travelled to Cairo to seal the multi-billion euro deal.

Lavish Riviera villa of jailed Chinese Politburo member 'up for sale'

Bo Xilai’s 400-square-metre hilltop mansion in Cannes was once managed by British businessman Neil Heywood, who Bo's wife murdered.