Denel to buy BAE Systems company in South Africa
London (UPI) Aug 11, 2013 - A BAE Systems company in South Africa that produces military vehicles is to be sold to the country's Denel Group. The transaction for BAE Systems Land Systems South Africa Proprietary Limited is for about $80.1 million. The purchase price covers not only BAE Systems' 75 percent interest in the company but also the 25 percent interest held by DGD Technologies. "This proposed dives ... more
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