With New Funding, Russian Helicopters Plots Growth | Aviation International News

With New Funding, Russian Helicopters Plots Growth

Proceeds of the initial $300 million sale, about 12 percent of the company’s $2.35 billion value, will be used to implement its new business plan.

By Mark Huber • Contributor

February 23, 2017

State-owned Russian Helicopters is selling off a significant minority equity stake with the aim of gaining greater market penetration in the Middle East. Proceeds of the initial $300 million sale, about 12 percent of the company’s $2.35 billion value, will be used to implement a new business plan that includes the development of new helicopter models and possible mergers and acquisitions.

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