Countries are pursuing a joint state takeover of KNDS, with France reducing its holding to 40% and Germany expected to purchase the remaining stake.
1 report, 1 independent
Updated Jun 23
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What happened
Countries are pursuing a joint state takeover of KNDS, with France reducing its holding to 40% and Germany expected to purchase the remaining stake.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Efforts are underway to expand in the European market, with NMBT designed to replace Ariete, and CAPINT representing a fusion of German and French halves.Sub-event
- Germany takes a 40% stake in KNDS, amidst a defense sector selloff caused by naval pivot and program scrapping.Sub-event
France and Germany are pursuing a joint state takeover of KNDS.1 source
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The entities involved
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KNDS
European defence company
Nothing else this week.
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Emmanuel Macron
president of France and Co-Prince of Andorra since 2017