Brief: Rheinmetall AG and Hungarian 4iG to set up defence industry joint venture

4ig.

16/05/2022 09:39

May 16 (Reuters) - Hungarian 4iG and Rheinmetall AG say in
statement: 
    * RHEINMETALL AG AND HUNGARIAN 4IG TO SET UP DEFENCE
INDUSTRY
JOINT VENTURE
    * RHEINMETALL TO HAVE 51% STAKE, 4IG TO HAVE 39% STAKE AND
HUNGARIAN DEFENCE MINISTRY TO HAVE 10% STAKE IN NEW COMPANY
    * COMPANY AIMS TO PARTICIPATE IN DIGITALISATION OF ARMED
FORCES IN
HUNGARY AND SELECTED NATO MEMBER STATES IN CEE 
    * PLANS TO DEVELOP DIGITAL COMBAT SYSTEM SOLUTIONS AND
GROUND AND
FLIGHT SIMULATION SYSTEMS
    * NEW COMPANY EXPECTED TO START OPERATIONS IN H2 2022


Further company coverage:  IGNY.BU      ]

 (Reporting by Krisztina  Than)
 ((Krisztina.Than@thomsonreuters.com;))