BAE Land Systems SA to be sold to Denel

11 August 2014 by defenceWeb

BAE Systems has made the decision to sell of its South African division, BAE Systems Land Systems South Africa (LSSA), which is being bought by state owned arms company Denel.

BAE Systems and Denel today signed an agreement to proceed with the sale, which is anticipated to conclude during the fourth quarter of this year after receiving regulatory and other approvals, BAE Systems Land Systems SA announced in a statement. Until the sale goes through, LSSA will continue with business as usual.

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