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Deals

Russia, Arianespace ink $500 million space rocket deal

ST PETERSBURG, Russia (Reuters) - Russia signed a deal on Saturday to sell more than $500 million of space rocket launchers to the Arianespace company for flights from French Guiana.

Anatoly Perminov, the chief of Russia’s space agency, told Reuters the value of the deal was a little over 16 billion roubles ($518.3 million).

The deal was signed after talks between French President Nicolas Sarkozy and his Russian counterpart, Dmitry Medvedev, in the northern Russian city of St Petersburg.

Reporting by Guy Faulconbridge, editing by Toni Vorobyova

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