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Ukrainian Motor Sich to Sell 50% Stake to Turkish Firm Our Bureau 2115
Ukrainian jet engine maker Motor Sich wants to sell half of its stakes to a Turkish company.
Motor Sich’s engines power Antonov planes, besides “Mi” and “Ka” series of military helicopters used by nearly fifteen countries.
The sale of some 50% stake in the Ukrainian firm to a Turkish company with a state share in the capital was discussed by President Volodymyr Zelenskiy and Turkish leader Recep Tayyip Erdogan on Saturday, Chas News reported citing sources in the Ukrainian government.
Zelenskiy paid an official visit to Turkey last week for the ninth meeting of the Turkey-Ukraine High Level Strategic Cooperation Council.