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EXIT AND WIND UP OF DENEL AEROSTRUCTURESYou are here: Media Centre / News & Press
28 February 2020

Denel Aerostructures SOC Ltd (DAe) a 100% owned subsidiary of the state-owned Denel SOC Ltd with specialty in aerospace design and advanced manufacturing of complex aerostructures is currently at an advanced stage to exit and wind up its aerostructures manufacturing business.

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.

Advice is hereby issued to potentially interested buyers of the Manufacturing Assets to be on the lookout for the Assets Disposal Tender expected to be issued during the first half of March 2020.

All enquiries will be noted and made available to the service provider upon appointment.

Ends

For further information, contact:

Mike Bouwer

Tel:+27 11 927 4499

email:mike.bouwer@denel.co.za



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