France and Germany announced Monday a deal for the joint governance of arms maker KNDS, paving the way for a blockbuster share offering as they seek to reinvigorate faltering European defence cooperation.

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…