China may Buy Ukrainian Motor Sich

China may Buy Ukrainian Motor Sich 29 August, 2019

There are reports that China has gained a controlling stake in Ukrainian jet engine manufacturer Motor Sich.

Ukrainian media reported on August 19 that two Chinese firms had reached an agreement with state-owned military concern Ukroboronprom to jointly purchase the engine maker. No price was disclosed. Ukroboronprom Chairman Aivaras Abromavicius declined to comment.

It is one of the few plants in the former Soviet Union that can build an entire aviation engine from scratch and offers a wide variety of products.

The United States has given Ukraine more than $3 billion in aid, including $1.5 billion of military goods over the past five years and has promised to increase the annual allotment.

Motor Sich was valued at nearly $500 million when it ceased trading on the stock market

China may Buy Ukrainian Motor Sich

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