RUAG: Federal Council approves unbundling proposal
Bern, 27.6.2018 - At its meeting of 27 June 2018, the Federal Council approved an unbundling proposal submitted by RUAG Holding AG, the technology and armament corporation affiliated to the Swiss government. A new holding company will be formed to bring together all sections of RUAG which perform services for the armed forces, separating them from the other business areas operating in the international field. By unbundling activities in this way, financial flows and IT systems can be separated, thereby increasing security. At the same time, RUAG will continue developing its international activities and assess and present options for (partial) privatisation by the end of the year.