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BAE Completes Sale Of Its Share In South Africa Land Systems Business To Denel

Rich Abott By
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Britain’s BAE Systems plc on April 28 said it has completed the sale of its 75 percent stake in a land systems business based in South Africa to Denel SOC Limited for $55.2 million.The deal to sell its holding in BAE Systems Land Systems South Africa (LSSA) was first announced August 2014 and also included the divesture by DGD Technologies Proprietary Limited of its 25 percent stake in LSSA. Denel is a South African-based defense company.Erwin Bieber, president of the…

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