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BAE Agrees To Sell Holdings in Land Systems South Africa To Denel

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BAE Agrees To Sell Holdings in Land Systems South Africa To Denel
Latest RG35 6x6 multi-purpose blast protected vehicle Photo: BAE Systems

BAE Systems Monday said it has an agreement for the proposed sale of its holding in BAE Systems Land Systems South Africa Proprietary Limited (LSSA) to Denel (SOC) Limited for about $80 million. The adjustments include the sale by BAE of its 75 percent interest in the LSSA business as well as the sale by DGD Technologies (2001) Proprietary Limited, of its 25 percent stake in the business. “This proposed divestiture will further focus our portfolio on our core capabilities…

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