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    St.Petersburg International Economic Forum 2016 (38)
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    A source said that Russia’s state technologies corporation Rostec will sign an agreement on the sale of Russian Helicopters manufacturer shares worth several hundred million dollars.

    MOSCOW (Sputnik) – Russia’s state technologies corporation Rostec will sign an agreement on the sale of Russian Helicopters manufacturer shares worth several hundred million dollars, a source told RIA Novosti.

    "The Rostec state corporation will sign an agreement on the sidelines of SPIEF (St. Petersburg International Economic Forum) on the main conditions for investment into the Russian Helicopters…The deal could be worth several hundred million dollars," the source said.

    Potential investors include the Russian Direct Investment Fund (RDIF) and investment funds of the Middle East, according to the source.

    "It is estimated that upon the conclusion of the deal, RDIF and Middle Eastern funds will own up to 25 percent of the holding’s share capital," the source said.

    Head of Russia’s state technologies corporation Rostec Sergey Chemezov first informed of a search for a strategic investor in Russian Helicopters last year.

    Russian Helicopters is a global leader in the field of helicopter manufacturing and the only developer and manufacturer of helicopters in Russia.

    Topic:
    St.Petersburg International Economic Forum 2016 (38)

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    Russian Helicopters, Saint Petersburg, Russia
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