Union leader urges German parity in KNDS tank maker IPO
IG Metall leader Juergen Kerner says Berlin needs more than a 25% stake in KNDS to match France. Parity is vital for protecting German jobs and technology.
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Xurve View
Germany must ensure it maintains ownership parity with France during the upcoming 20 billion euro ($23 billion) stock market debut of tank manufacturer KNDS, according to a prominent labor leader. Juergen Kerner, the deputy head of the IG Metall union, stated that Berlin needs to secure a stake significantly larger than a standard 25% blocking minority to protect national interests.
