UAE's Tawazun Holding takes 50% stake in Russia's VR Technologies

18 November 2019

UAE's Tawazun Holding , a shareholder of Aurus, is to acquire a 50% stake in VR Technologies (part of Russian Helicopters Holding Company), which is developing most promising helicopters and drones. Financial arrangements of the agreement were not disclosed. The deal will be closed in the first quarter of 2020, Russian Helicopters reported.