CSG Acquires Stake in MDA Space
Czech arms manufacturer CSG acquired a 9.5 percent stake in Canada based MDA Space. The investment marks the defense company's first major entry into the global space sector.
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Czechoslovak Group has acquired a 9.5% stake in MDA SPACE LTD, becoming the satellite and space technology company's largest shareholder. The move marks the Czech Republic-based defense firm's first venture into the space sector. The deal positions the buyer to pursue joint manufacturing and acquisitions in Canada.
