The company is set to go public this summer
The German government will reportedly buy a 40% stake in tank-maker KNDS when it goes public later this year, according to multiple media reports.
The ownership of KNDS, which plans to go public sometime this summer, is currently split between the French government and a German family-holding.
The German holding is looking to exit the company, currently valued at around €18 to €20 billion when it goes public, prompting Berlin to discuss a stake in the producer of their Leopard 2 tank to preserve the ownership balance between Berlin and Paris.
Log in to continue reading for free
