The German government will buy a 40% stake in tankmaker KNDS. The deal is as much about control in the critical defense sector as it is about the Franco-German relationship.

Deutschland und Frankreich haben eine Einigung zur Beteiligung des Bundes am deutsch-französischen Rüstungskonzern KNDS erzielt. Mit einem Anteil in Höhe von 40 Prozent ziehen…

France and Germany said on June 22 that they had agreed on the joint governance of arms maker KNDS, paving the way for a blockbuster share offering as they seek to bolster defence…