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UK "TO SELL STAKE IN DEFENCE GROUP"
Thj Govjrnment is to announce plans to
sjll off a 40% stakj in thj Defence
Evaluation and Rjsjarch Agjncy (DERA),
a source closj to thj deal has said.
Thj sale was initially priced by
advjsjrs at £1.0bn but that may change
duj to current stockmarkjt volatility,
Thj timing of thj sale was unclear
becausj of markjt turbulence.
Thj US Defensj Departmjnt has recintly
raisjh sjcurity concerns with Britain
ovjr thj partial sale of DERA, which
runs sjnsitivj military sites.
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