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BAE Systems will buy 30% stake in Denel

South Africa

According to local sources, the South African government has agreed to sell a 30% stake of its national defence industry Denel Aerospace and Ordnance to British company BAE Systems PLC. The value of the acquisition is about USD36.8m. The South African state will retain a 70% stake while considering further options, including an employee incentive scheme, future black empowerment...

AVIONEWS - World Aeronautical Press Agency - 28315
Rome, Italy, 05/17/2002 12:42
AVIONEWS - World Aeronautical Press Agency

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