German Government in Talks to Buy 50% of KNDS, Source Says
7 Articles
7 Articles
The IPO of the tank manufacturer KNDS is off the table according to a newspaper report. Owner families now want to sell their half to the state.
Germany wants to take over 50 percent of the company and align it with France. State entry is meant to prevent critical knowledge from draining and the upgrading is hindered.
At the time of the rapprochement between Nexter Systems and Krauss-Maffei Wegmann in 2015, it was agreed that the French state, via Giat Industries, and the Bode-Wegmann family would share at 50-50 the capital of what would become KNDS, the Franco-German specialist in land weapons. It was then essential that strict parity be observed. Only this situation... This article Land weapons: Berlin plans to acquire 50% of the Franco-German group KNDS ap…
Germany intends to buy out all KNDS defense shares belonging to German families, which will enable the State to obtain 50 per cent of the company, transfer the agency ... 14.10.2026, PRIM
KNDS is on the path to nationalization.
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