Rostec Corporation is planning to sell a stake in its rotorcraft designer and manufacturer Russian Helicopters to the Mubadala foundation of Abu Dhabi.
Officials from Rostec and Mubadala foundation are currently in talks to sell the stake, head of Rostec Sergey Chemezov told TASS today.
"We held talks with Mubadala. Recently Industry and Trade Minister Denis Manturov was on a business trip in the UAE, met them and discussed this topic," Chemezov said.
TASS has reported earlier that Rostec plans to sell a 49% stake in Russian Helicopters. The corporation plans to maintain the control over the company after the sale of the stake.
Earlier this month, Industry and Trade Minister Denis Manturov said that the stake may be sold already this year. According to him, Rostec plans either to sell the whole stake to a strategic investor in Russia or to sell 25% to a foreign investor.
According to Chemezov, the Russian Direct Investments Fund (RDIF), which is a partner of Mubadala, may take part in the deal.
The board of directors of Russian conglomerate Rostec will consider the sale of a 26 percent stake minus one share in weapons maker Kalashnikov to two private investors, Andrei Bokarev and Alexei Krivoruchko. Rostec announced Friday that it has agreed to sell off a stake in Kalashnikov as part of an overhaul of the producer of the AK-47 assault rifle
Rostec's newly launched anti-hacking center RostecInform (RT Inform) to monitor 20 per cent of the Russian firm's major businesses by 2017-end, including helicopter and missile manufacturing business units. By 2020, RT Inform plans to increase this coverage to 30 percent,
Russia’s Conventional Alternative To Nuclear-Powered Carrier Will Be Better Than UK’s Queen...
EuroSpike Secures €40 Million Spike Missile Deal with Estonia
MBDA, Lockheed Submit Proposal for Germany's Integrated Air and Missile Defense System
Two New Russian Ivan Gren-class Warships Likely To Be Helicopter Carriers
Russia To Offer Customizable MiG-35 Jet To India
Turkish Aerospace Uncovers Fifth-gen TF-X Jet Mock-up at Paris Air Show 2019
US to Sell 8 Weaponized F-16 Fighter jets to Bulgaria for $1.67
Pakistani-Chinese JF-17 Thunder Seeks New Markets at Paris Air Show 2019
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...