Germany to match France with 40 percent KNDS stake in IPO
Germany will take a 40 percent stake in KNDS during its IPO to match France. Both nations plan to cut stakes to 30 percent and keep equal voting power.
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Germany will acquire a 40% stake in defense group KNDS during its upcoming Frankfurt IPO to match the holding of France. The deal follows weeks of negotiations to ensure equal governance between the two nations over the maker of the Leopard tank.
