The company currently valued at €18 to €20 billion
KNDS announced Wednesday that its planned stock market flotation in Paris and Frankfurt will happen within weeks.
“Europe is entering a new era of defence and security. Armed forces are modernising at speed and rebuilding critical land defence capabilities,” KNDS chief executive Jean-Paul Alary said in a statement. “The planned IPO is a natural next step for KNDS.”
The company did not give a precise date for its initial public offering of shares, but Alary told reporters on a call that it is expected in the coming weeks.
The ownership of KNDS is currently split between the French government and a German family-holding, which wants to exit the company currently valued at €18 to €20 billion.
