German Government Mulls Stake in Franco-German Tankmaker KNDS

German Defense Minister Boris Pistorius confirmed reports that Berlin is looking into buying a minority stake of the Franco-German tank manufacturer KNDS NV.

The German family shareholders of KNDS are aiming to reduce their ownership through a listing or stake sale to tap growing investor demand in defense companies, according to people with knowledge of the matter.

“We are considering that. We are aware of what’s going on and what the interests of the families and others are,” Pistorius told reporters on Thursday during a joint news conference with his French counterpart, Sebastien Lecornu.

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