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Italian company interested in stake of Russian Helicopters

Staff writer |
An Italian helicopter manufacturer is interested in buying a stake in Russian Helicopters, Deputy CEO of Rostec, 100% owner of Russian Helicopters, Nikolay Volobuev said on the sidelines of the Russia-ASEAN Business Forum.

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"The Italians showed interest - their famous helicopter company that has joint developments with us and even joint productions. At the same time, the question of whether to allow foreigners to participate in the process has yet to be resolved," he said.

At the same time, according to Volobuev, investors from Southeast Asia could participate in privatization of Russian Helicopters.

"In theory - yes. But we have not yet formed our position," he said, answering the question about the possibility of investors from Southeast Asia participating in the company’s privatization.

"The issue of foreign companies participating in the sale of Russian Helicopters shares is being discussed," he said.

Volobuev added that the Russian government has not yet agreed on selling the assets. So far, companies only talked about being interested, he said.

At the moment two options for the privatization of Russian Helicopters are being considered - selling up to 49% of the company’s shares to Russian strategic investor, or selling 25% to foreign investor.

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