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BAE Systems Plc proposed sale of its holding in BAE Systems Land Systems South Africa


Monday, 11 Aug 2014 07:47am EDT 

BAE Systems Plc:Proposes sale of its holding in BAE Systems Land Systems South Africa Proprietary Limited (LSSA) to Denel (SOC) Limited.Transaction, for total cash consideration of about 855 mln Rand, subject to closing adjustments, includes the sale by BAE Systems of its 75 pct interest in the LSSA business, as well as sale by DGD Technologies (2001) Proprietary Limited of its 25 pct stake in business. 

Company Quote

463.7
-7.8 -1.65%
10:21am EDT