Germany will acquire half of KNDS Berlin has agreed to acquire 50% of the German-French defense company KNDS. The remaining half will belong to France, Handelsblatt reports, citing government documents. According to The Insider, this will be Germany's largest state participation in a defense enterprise. The deal will give Berlin direct influence over investment and expansion of tank and artillery production, including those supplied to Ukraine. In the past, KNDS planned to list 20% of its shares on the stock exchange, but abandoned the offering due to unfavorable market conditions. The cost of the transaction was not disclosed.

Germany will acquire half of KNDS Berlin has agreed to acquire 50% of the German-French defense company KNDS. The remaining half will belong to France, Handelsblatt reports, citing government documents. According to The Insider, this will be Germany's largest state participation in a defense enterprise. The deal will give Berlin direct influence over investment and expansion of tank and artillery production, including those supplied to Ukraine. In the past, KNDS planned to list 20% of its shares on the stock exchange, but abandoned the offering due to unfavorable market conditions. The cost of the transaction was not disclosed.