SAMI continues partnership talks with South Africa's Denel

16/07/2019 Argaam

 

The Saudi Arabian Military Industries (SAMI) is continuing to hold commercial partnership talks with South Africa’s Denel which said this month it would not sell a stake to the Saudi firm, Reuters reported on Monday.

 

Denel Chief Executive Danie du Toit told Reuters the state-owned company was open to partnerships but would not sell equity or relinquish intellectual property rights to SAMI, which last year made a $1 billion bid for a broad partnership.

 

“We have ongoing talks,” Saudi Arabian Military Industries (SAMI) Chief Executive Andreas Schwer told Reuters on Monday.

 

“Acquiring a stake is just one option but various options are still there.”

 

He said that included partnering on programs or working on greenfield projects.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.