Russia’s Rostec has finalized a decision to merge with United Aircraft Corp. (UAC), Interfax news agency reported, quoting Minister of Industry and Trade Denis Manturov. Merger documentation is being prepared, said Manturov, who is also a member of UAC board of directors. In March 2017, Rostec CEO Sergey Chemezov said a merger between Russia’s state-owned Rostec and UAC “could probably be appropriate.” According to Chemezov, UAC buys 60%-70% of components ...

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