Privatization of Russian Helicopters in the works?
March 16, 2016 By Sputnik News
On Thursday, Russian Trade Minister Denis Manturov said that Moscow would partially privatize the Russian helicopters holding in 2016, and was planning to sell up to 49 percent of shares to a Russian strategic investor or up to 25 percent to a investor from abroad.
“With regard to Russian Helicopters, for example, we are holding discussions with Mubadala Development Co. in the United Arab Emirates. They are looking seriously at the possibility of buying a share [stake], not 49% but maybe 20% or 25%,” Chemezov said in an interview with The Wall Street Journal published on Thursday. | READ MORE