KNDS family owners to sell 40% stake to German government, Bloomberg News reports
KNDS family owners to sell 40% stake to German government, Bloomberg News reports
ReutersSun, June 21, 2026 at 7:13 PM UTC
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The KNDS logo is seen on a pre-demonstrator of French interim main battle tank, the CAPINT MBT, produced by Franco-German tank maker KNDS is displayed at the Eurosatory international land and air defence and security trade fair in Villepinte near Paris, France, June 15, 2026. REUTERS/Alice Sacco
June 21 (Reuters) - The families that own half of tank maker KNDS have agreed to sell a 40% stake to the German government, Bloomberg News reported, citing people familiar with the matter.
Defense group KNDS is preparing an IPO for a dual-listing in Frankfurt and Paris expected this year.
The deal will value KNDS at between 15 billion euros ($17.20 billion) and 18 billion euros ($20.64 billion) depending on where the share price is after a few weeks of trading, the report added.
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Reuters could not immediately verify the report. KNDS and the German government did not immediately respond to Reuters' requests for comment.
($1 = 0.8720 euros)
(Reporting by Ananya Palyekar in Bengaluru; Editing by Alexandra Hudson)
Source: “AOL Breaking”
