The German government says it intends to take a 40% stake in defense contractor KNDS, whose products include Leopard and Leclerc tanks, as it tries to strengthen European production along with NATO ally France.

Einem Medienbericht zufolge wird der deutsche Staat der Eigentümerfamilie 40 Prozent von KNDS abkaufen, für bis zu sieben Milliarden Euro. Noch in dieser Woche soll der Deal…

The German government says it intends to take a 40% stake in defense contractor KNDS, whose products include Leopard and Leclerc tanks, as it tries to strengthen European…