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Russian Direct Investment Fund plans to buy out 24% shares in Russian Helicopters

The fund intends to buy out 24% shares in Russian Helicopters in cooperation with Arab partners by 2016 year-end

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MOSCOW, October 13. /TASS/. The Russian Direct Investment Fund (RDIF) intends to buy out 24% shares in Russian Helicopters in cooperation with Arab partners by 2016 year-end, RDIF Chief Executive Kirill Dmitriev said on Thursday in an interview with Rossiya 24 TV Channel.

"We plan to close the deal by the year-end, that is, to buy about 24% in the company [Russian Helicopters - TASS]," Dmitriev said.

Acquisition of the stake in Russian helicopters in cooperation with Arab investment funds is a beneficial option because there can be seen "a material effect of investments exactly from partners that can also buy these products," he said.

"We believe Arab investors constitute a very good option for Russian Helicopters because these should be bought not merely in India and China but also in Arab countries, where huge funds are spent to buy helicopters," he added.

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