Before the sale, an out-of-court settlement was reached with Global Logistics Support GmbH (GLS), resolving prior claims to the vehicles. Under this settlement, GLS formally renounced its rights to the 25 tanks concerned.
With ownership clarified, Rheinmetall Landsysteme GmbH was able to exercise its contractual right of first refusal. The transaction was conducted in full compliance with all relevant political and regulatory requirements.
“The economically viable conclusion of the transaction is an important step for RUAG’s future,” said Dr. Jürg Rötheli, Chairman of the Board of Directors of RUAG MRO Holding AG. “We have now been able to completely close the warehouse in Italy and thus bring a complex and burdensome chapter to a close.”
