Germany Agrees with KNDS Owner Families to Take over 50% Stake, Handelsblatt Reports
19 Articles
19 Articles
The Federal Government takes over all the ownership families' shares in the tank manufacturer KNDS. Thus, the federal government secures its influence on key technologies - and apparently spends less money than planned.
Negotiations over the German government's intention to acquire a 50 percent stake in tank manufacturer KNDS have "made good progress", a government source told AFP on Thursday.
Negotiations on the German government's plans to acquire a 50 percent stake in tank manufacturer KNDS are "moving forward rapidly," a German government source told AFP on Thursday.
After the burst of the IPO, the Federal Government and the owners of Panzerbauer KNDS have now agreed on a purchase price. Germany is thus getting away cheaper than originally planned.
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