KNDS launches IPO in Paris and Frankfurt
KNDES, the manufacturer of tanks and military equipment, announced its plan to list on the Paris and Frankfurt stock exchanges as part of an initial public offering, aiming to support its transformation into a leading European defense force. The company will sell up to 20% of its current capital, with stakes owned by both France and Germany, focusing on institutional investors. This move comes within the context of enhancing defense cooperation between the two countries and achieving growth and expansion goals, with expectations of generating revenues between 11 and 12 billion euros in the medium term.
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