France, Egypt agree 656 million pounds Mistral warship deal


  • World
  • Thursday, 24 Sep 2015

Two Mistral-class helicopter carriers Sevastopol (R) and Vladivostok are seen in this picture taken May 21, 2015 at the STX Les Chantiers de l'Atlantique shipyard site in Saint-Nazaire, western France. REUTERS/Stephane Mahe/Files

PARIS (Reuters) - France has agreed to sell two Mistral helicopter carriers to Egypt for 950 million euros (656 million pounds) after their sale to Russia was cancelled in August, French officials said on Wednesday.

Cairo has sought to boost its military power in the face of a two-year insurgency based across the Suez Canal in the Sinai peninsula and fears the conflict in neighbouring Libya could spill over. Egypt's allies are also keen to burnish its image in a region beset by turmoil.

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