State sells military technology company to English – Magazine Saturday

State sells military technology company to English

The Company for Research and Development Electronics was under supervision of the Ministry of Defence. Business earned 19 million to shareholders

• 14:58 Lusa

The state sold its stake of 43.09% in military technology company EID the British Cohort PLC for 19 million euros, an operation that involved also the remaining shareholders of the company.

In a statement, the company Research and Development Electronics (EID), under the Ministry of Defense, announced that “we concluded the process of the share capital of alienation the EID with the English company Cohort PLC, which submitted a proposal for the acquisition of 99.98% of the share capital of the company. “

other words, the British Cohort company will pay 19 million euros for almost all of the capital mainly held by Empordef, ‘holding’ the State of the Defence Industries (38.57%), and also by IAPMEI (4.52%), Efacec (27.24%) and 29.65% by German Rohde & amp; Schwarz.

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