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source with knowledge of Saudi bid told Reuters that Rheinmetall informally approached Denels board last year aiming to deepen its collaboration with company The source with knowledge of the Saudi bid told Reuters that Rheinmetall informally approached Denels board last year aiming to deepen its collaboration with the company 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