Germany to acquire 40% stake in tank manufacturer KNDS
The German government is set to purchase a 40% share in the Franco-German defence group KNDS, joining France as a state shareholder in the company.
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According to Euronews, Berlin is preparing to take a 40% stake in KNDS, the manufacturer behind the Leopard and Leclerc battle tanks. This move establishes Germany as a significant state shareholder alongside France in one of Europe’s most critical defence organisations.
The investment aligns the interests of both nations in the firm, which plays a vital role in European military industrial production. KNDS remains a central player in the development and manufacturing of primary combat vehicles for the continent's armed forces.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews