PRETORIA (South Africa), September 18 (RIA Novosti) – Russia’s state arms exporter Rosoboronexport could become a shareholder of foreign companies, the company's General Director Anatoly Isaykin said on Thursday.
“We are moving not only towards the creation of joint production, but also considering the issue of entering share capitals of companies,” Isaykin stated at the Africa Aerospace and Defence-2014 exhibition, which is currently underway in Pretoria, South Africa.
Isaykin withheld further comments related to the issue.
Speaking of cooperation with South Africa, the general director said Rosoboronexport is ready for joint production.
“Regarding this region, if it is profitable for our partners, we will gladly begin such work.”
Rosoboronexport is part of Russian Technologies State Corporation, Rostec. It is the sole Russian state intermediary agency responsible for the import and export of a full range of defense and dual-use products, technologies and services. Rosoboronexport cooperates with more than 70 countries around the world.
The Africa Aerospace and Defence-2014 exhibition of air, sea and land technologies is to run from September 17 to 21. The exhibition will be attended by 347 exhibitors from 26 countries and see 40,000 trade visitors from 101 states in attendance. Pavilions of 15 countries, such as Russia, the United States, China and India are working at the exhibition.