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Denel and SAMI would share intellectual property and under new joint venture would target defense export markets in Middle East and North Africa Denel and SAMI would share intellectual property and under a new joint venture would target defense export markets in the Middle East and North Africa NegativeAccording to the source who asked not to be named due to the sensitivity of the talks Saudi Arabia was targeting Denels 49 percent stake in Rheinmetall Denel Munition http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-saudi-safrica-arms-exclusive/exclusive-saudi-makes-1-billion-bid-for-partnership-with-south-africa-defense-group-denel-idUSKCN1ND14Q2018-11-09