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December 18, 2020

Greece to sign €2.3bn deal for 18 Dassault-made Rafale fighter jets

Greece is set to sign a deal with France to purchase 18 Dassault-made Rafale fighter jets for €2.3bn, as it seeks to boost its air power amid tensions with Turkey.

Greece is set to sign a deal with France to purchase 18 Dassault-made Rafale fighter jets for €2.3bn, as it seeks to boost its air power amid tensions with Turkey.

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Government of Greece spokesperson Stelios Petsas said in a televised briefing that the deal will include six new and 12 second-hand Rafale jets with a combined value of €1.92bn.

It will pay an additional €400m for associated equipment, Reuters reported quoting the spokesperson.

As planned, the six second-hand jets are expected to be delivered around June, while the new jets will be available by mid-2023.

Greece first announced its intension to purchase Rafale aircraft in September to enhance defence capabilities. The European nation also announced plans to acquire four frigates and four navy helicopters.

Additionally, the Greek Armed Forces is seeking to upgrade its F-16 fleet and procure new helicopters and drones.

The country’s defence budget is estimated to reach €5.5bn this year, despite a Covid-19 induced contraction of the economy.

Greece and its neighbouring country, Turkey, are embroiled in a dispute over oil and gas exploration resources in the contested Eastern Mediterranean region.

The multirole Rafale fighter jets are manufactured by Dassault Aviation .

India, which is also in the process of acquiring 36 Rafale jets, received the second batch of aircraft last month.

With the delivery, the Indian Air Force (IAF) now has eight Rafale jets in its fleet.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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