US EditionAir Force: UAE Set To Buy A Stake In Ukrainian Missile Manufacturer Flamingo
EDGE, backed by UAE sovereign investors, plans to acquire 30% of Fire Point in a $760 million deal valuing the Ukrainian drone maker at $2.5 billion.
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UAE's EDGE defense group may buy 30% of Ukrainian manufacturer of UAVs, missiles Fire Point – media
The EDGE defense group, owned by the sovereign fund of the United Arab Emirates, intends to buy a 30% stake in the Ukrainian defense-tech company Fire Point, which produces the eponymous FP-1 and FP-2 drones and the Flamingo missiles, BBC News Ukraine reported on Tuesday, citing confidential sources in the company familiar with the details of the deal.
UAE Defense Giant Allegedly Eyes $760M Minority Stake in Fire Point, Ukraine’s Flamingo Missile Producer
The United Arab Emirates' state-linked defense conglomerate EDGE is preparing to acquire a 30% stake in Ukrainian drone and missile manufacturer Fire Point, according to BBC News Ukraine. The deal, reportedly valued at approximately $760 million, would place the overall valuation of Fire Point at $2.5 billion. Unnamed sources familiar with the matter told BBC that Fire Point has already submitted the necessary documentation to Ukraine’s Antimono…
After former US Secretary of State Michael Pompeo joined the supervisory board of Fire Point, which produces Flamingo missiles, they want to sell part of the company to the United Arab Emirates. We are talking about 30% of the company's shares, and the value of the transaction is 760 million dollars.
BBC Ukraine writes about this. According to the publication, the minority stake in Fire Point is intended to be acquired by the defense group EDGE, owned by the UAE sovereign fund. It is about the sale of 30% of the company's shares, and the amount of the transaction is estimated at about $760 million. Fire Point has already submitted the necessary documents to the Antimonopoly Committee of Ukraine. This deal could be unprecedented for the Ukrai…
The United Arab Emirates may acquire a share in the Ukrainian defense company Fire Point. Its total cost is $2.5 billion. This was reported by RBC-Ukraine with reference to BBC News Ukraine. According to BBC sources, the EDGE defense group, which is owned by the UAE's sovereign wealth fund, wants to acquire a minority stake in the Ukrainian company. The newspaper's interlocutors claim that we are talking about a 30% share of Fire Point. They spe…
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