KNDS IPO: Governments Lock in a Decade of Control as Tank Maker's Margin Slips

KNDS IPO: Governments Lock in a Decade of Control as Tank Maker's Margin Slips

KNDS is set to debut on the Frankfurt and Paris exchanges on July 13, days before France’s Bastille Day, but the €15bn float is a pure cash-out for existing owners — not a single euro will flow into the company itself. Up to 20% of existing shares are changing hands, with the entire proceeds going […] The post KNDS IPO: Governments Lock in a Decade of Control as Tank Maker’s Margin Slips appeared first on NewsCase.