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Germany to Acquire 40% Stake in Defense Contractor KNDS Ahead of Summer IPO

Germany's governing coalition has committed to purchasing a 40% ownership position in armored vehicle manufacturer KNDS NV prior to the company's initial public offering scheduled for summer 2026. The defense contractor is presently split between French government ownership at 50% and a consortium of German family investors holding the remaining half. France intends to reduce its stake to approximately 40% through share sales during the IPO process. The German families plan to divest a portion of their holdings directly to Berlin while offering remaining shares to public markets. KNDS manufactures tanks and armored personnel carriers for European military forces.