Security Contractor Erik Prince is in talks to acquire Ukraine’s Motor Sich

Trump administration has approached Prince and at least one other potential buyer from the private sector
14:53, 5 November 2019


Erik Prince, a private security contractor and informal adviser to U.S. President Donald Trump, is in discussions to purchase a Ukrainian aerospace manufacturer Motor Sich, which the U.S. is trying to prevent China from buying, according to officials briefed on the matter. It was reported by the Wall Street Journal.

Trump's administration has approached Mr. Prince and at least one other potential buyer from the private sector about Motor Sich, a U.S. official said. In recent weeks, Mr. Prince has discussed the company with Ukrainian officials and visited the company’s main plant, according to people briefed on the matter.

Related: Selling Motor Sich to Chinese investors: Is Ukraine interested in such a deal?

Mr. Prince, a former Navy SEAL and billionaire founder of the defense contractor formerly known as Blackwater, is the executive director and deputy chairman of Frontier Services Group, a Hong Kong- and Beijing-based private security contractor. He has other business interests outside China and has traveled a number of times to Ukraine, visiting at least nine times since the start of 2014, the start of the country’s war with Russia, according to Ukrainian immigration records.

However, Mr. Prince declined to comment. A spokesman for Frontier Services Group and Mr. Prince confirmed that he is “looking to invest in” Ukraine.

As we reported earlier, The Security Service of Ukraine (SBU) is conducting a pre-trial investigation against the Motor Sich enterprise in the case of a possible supply of military-purpose products to Russia that could be used for sabotage in Donbas. The press service of the SBU department reported this at the request of Radio Liberty.

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