Arms dealer buys BEE stake in Aerosud

November 1, 2009

An arms dealer who holds the local franchise for the Build-a-Bear Workshop has bought the "black empowerment" shares in military aviation company Aerosud, one of South Africa's two "risk partners" in the manufacturing of Europe's A400M Airbus.

Aerosud has confirmed that Ivor Ichikowitz, an arms and oil broker who has flown Nelson Mandela and President Jacob Zuma around for free, has acquired a 19 percent stake in the company.

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