The decision to merge Russia’s Rostec and United Aircraft Corp. (UAC) already has been made, Interfax news agency reported, quoting Minister of Industry and Trade Denis Manturov. Merger documentation is being prepared, added Manturov, who is also a member of the 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 its ...

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