in Defence / General Aviation

Denel at advanced stage of exiting aerostructures business

Posted 9 March 2020 · Add Comment

As part of its efforts to restructure its business, exit from non-core entities and find new markets for its defence and high-tech products and services, Denel is currently at an advanced stage to exit and wind up its aerostructures manufacturing business.


Courtesy Denel


Denel Aerostructures SOC Ltd (DAe) is a 100% owned subsidiary of the state-owned Denel SOC Ltd, specialising in aerospace design and advanced manufacturing of complex aerostructures.

As part of the exit and wind up process, Denel Aerostructures SOC Ltd will be selling its manufacturing assets in accordance with the Public Finance Management Act (PFMA) and National Treasury Regulations as amended.

Denel Aerostructures is in the process of appointing an Auctioneering Service Provider to manage the asset disposal process.

It is anticipated that the Auctioneering Service Provider will have been appointed by the first half March 2020 to begin with the disposal process.

 

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