Russia’s Rostec, United Aircraft Corp. merger to take 18 months

The Russian government will transfer 92.31% of its shares in United Aircraft Corp. (UAC) to Rostec, according to a decree signed by President Vladimir Putin signed Oct. 24. The merger should take 18 months, according to the document.In March 2017, Rostec CEO Sergey Chemezov had said a merger between...

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