Brief: Rheinmetall Signs Letter Of Intent On Strategic Investment With 4iG Nyrt

4ig.

25/11/2021 09:05

Nov 25 (Reuters) - RHEINMETALL AG  RHMG.DE :
    * LETTER OF INTENT ON STRATEGIC INVESTMENT SIGNED WITH
HUNGARIAN
IT COMPANY 4IG NYRT
    * PLANNED JOINT VENTURE COOPERATION FOR DIGITIZING ARMED
FORCES
    * INTENDS TO TAKE UP A 25.1% STAKE IN 4IG, A HUNGARIAN
DIGITIZATION SERVICE PROVIDER AND IT SPECIALIST
    * 4IG NYRT IS TO BECOME A DIGITIZATION SERVICE PROVIDER AND
IT
PARTNER OF RHEINMETALL
    * CREATION OF A SEPARATE JOINT VENTURE BY RHEINMETALL (51%)
AND
4IG (49%) IS PLANNED IN ORDER TO SET UP OWN IT INFRASTRUCTURE
AND SERVICES IN HUNGARY
    * COOPERATION IS DESIGNED TO REINFORCE RHEINMETALL'S
POSITION AS A
LEADING SYSTEMS SUPPLIER FOR SECURITY TECHNOLOGY IN CENTRAL AND
EASTERN EUROPE

Further company coverage:  RHMG.DE 

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