BUCHAREST (Reuters) -German arms maker Rheinmetall is in talks with a Romanian state company over a possible joint venture for an ammunition factory, Romania’s President Nicusor Dan said on Friday.
“At this moment there are advanced negotiations between Rheinmetall and the Medias factory for a joint venture on munitions,” he said in a news conference with German Chancellor Friedrich Merz after the two met in Berlin.
“We hope these negotiations will end in the shortest time possible,” he added, without giving further details.
(Reporting by Luiza Ilie, writing by Jason Hovet)
