KNDS Aims for €20 Billion IPO with Germany and France Each Taking a 40% Stake
French-German defense company KNDS is preparing for an estimated €20 billion ($23.2 billion) initial public offering (IPO), during which both Germany and France will each acquire a 40% stake, leaving only 20% of shares available to the public. The IPO aims to serve as an exit strategy for the German Wegmann family while increasing state control over KNDS.