Half the Izhmash plant sold to two private investors

Izhmash the manufactures of the famous/infamous AK 47 assault rifle and other weapons (such as the SVD Dragunov sniper rifle, saga shotgun and others) Izhmash  has plans to sell 41% of the company to two private investors for  80 million dollars. Izhmash is looking to modernize the factory, Izhmash  also has plans to increase profit from 193 million dollars (last year) to 770 million dollars. Izhmash  is also to going to produce a new weapon the AK 12. A semi-automatic versions will be released for civilians some time in 2014. AK 12 is currently going  under testing for the Russian military.

http://thegunwriter.blogs.heraldtribune.com/14254/half-of-izhmash-plant-sold-to-two-investors/