RDIF, Middle Eastern funds buy 12% in Russian Helicopters
ABU DHABI, Feb 20 (PRIME) -- A consortium of the Russian Direct Investment Fund (RDIF) and Middle Eastern funds has finalized a two-stage deal, whose first stage envisages a purchase of 12% in Russian Helicopters for U.S. $300 million, a joint statement by the RDIF and seller Rostec, said on Monday.
The second stage of the agreement envisages a purchase of a stake which would amount to another $300 million.
“A consortium of international investors formed by the RD IF, including Middle Eastern funds has finalized a deal to acquire a minority stake in holding Russian Helicopters, which specializes on the development and production of helicopters, from Rostec. The total valuation of the company amounted to $2.35 billion,” the statement said.