{"id":14903,"date":"2026-06-22T14:43:04","date_gmt":"2026-06-22T14:43:04","guid":{"rendered":"https:\/\/8657085.xyz\/?p=14903"},"modified":"2026-06-22T14:43:04","modified_gmt":"2026-06-22T14:43:04","slug":"france-germany-reach-deal-on-arms-maker-knds-paving-way-for-ipo","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=14903","title":{"rendered":"France, Germany reach deal on arms maker KNDS, paving way for IPO"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876680\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u6469\u5929\u697c\uff08\u548c\u5de6\u4fa7\u5b8c\u5168\u5bf9\u9f50\uff09 -->\r\n  <div style=\"grid-row: 3\/5; height: 750px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876678\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  \r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e6\" data-zoneid=\"5876682\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div style=\"padding-right:0;padding-left:0\">\n<p>France and Germany announced Monday a deal for the joint governance of arms maker KNDS, paving the way for a blockbuster share offering as they seek to reinvigorate faltering European defence cooperation.<\/p>\n<p>The deal envisages Paris and Berlin holding equal stakes in the maker of tanks and other military gear, at a time when the continent is contending with a hostile Russia and worsening US ties.<\/p>\n<p>Amsterdam-headquartered KNDS has a portfolio ranging from Leopard 2 and Leclerc tanks to artillery and armoured vehicles, and is a key supplier to European militaries.<\/p>\n<p>The announcement comes just weeks after the collapse of the Franco-German FCAS project to build a next-generation fighter jet, which dealt a severe setback to efforts to strengthen Europe-wide defence initiatives.\u00a0<\/p>\n<p>The KNDS deal \u201creflects the shared determination of France and Germany to strengthen Europe\u2019s industrial and defence capabilities, to support their armed forces, and to reinforce European sovereignty in an enduring fashion,\u201d according to a joint statement issued by the French presidency.<\/p>\n<p>The German government also said the deal would bolster Europe\u2019s defence capabilities.\u00a0<\/p>\n<p>\u201cThe government aims in particular to strengthen bilateral and European armaments cooperation. Cooperation with France plays a key role in this regard,\u201d it said in a statement.<\/p>\n<p>KNDS, created in 2015 through a merger of French and German companies, is currently half-owned by the French government via a holding company, with the rest of the shares owned by the Wegmann family of Germany.\u00a0<\/p>\n<p>The German owners are seeking to sell their stake and have been negotiating with the German government.\u00a0<\/p>\n<p>After much internal wrangling, Berlin announced in May that it would seek to acquire a 40-percent holding when the company goes public.<\/p>\n<p>In Monday\u2019s announcement Berlin and Paris said they were aiming to become shareholders in KNDS, with equal stakes.<\/p>\n<p>KNDS chief executive Jean-Paul Alary said the agreement \u201cconfirms the strategic importance of KNDS for Europe\u2019s defence capability, industrial base and technological sovereignty\u201d.<\/p>\n<p>\u2013 Ready for share listing? \u2013<\/p>\n<p>The deal would allow KNDS to move forward with a dual stock market listing in Paris and Frankfurt, in one of Europe\u2019s most hotly anticipated IPOs of the year.\u00a0<\/p>\n<p>The company has previously voiced frustration at alleged foot-dragging by the German government, which reports say has threatened to delay a listing that could value the company at 15 to 20 billion euros ($17 to $23 billion).\u00a0<\/p>\n<p>KNDS is a key player in a joint Franco-German project to develop a new battle tank, dubbed the Main Ground Combat System (MGCS) initiative.<\/p>\n<p>The agreement Monday and subsequent IPO boosts the chances that this delayed programme might go ahead, after the FCAS failure fuelled fears it might also be scrapped.<\/p>\n<p>But the timeline is tight if KNDS wants to launch its IPO in July as hoped, according to a confidential German defence ministry document outlining the latest details of the deal, circulated to lawmakers and seen by AFP.<\/p>\n<p>The ministry said parliament\u2019s budget committee would have to approve Berlin\u2019s stake acquisition when it meets on Wednesday for the IPO to proceed next month.<\/p>\n<p>The committee has to sign off on any substantial defence procurements.\u00a0<\/p>\n<p>The ministry acknowledged the \u201ctight schedule\u201d and also noted that \u201cagreement with the Wegmann family on the purchase contract must be reached\u201d.<\/p>\n<p>Multiple regulatory approvals for the IPO are also needed and there is a risk they might not be ready in time, it said.<\/p>\n<\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; 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display:grid; place-items:center;\">\r\n\t\r\n<!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114303\" data-width=\"125\" data-height=\"125\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114303});<\/script>\r\n<!--JuicyAds END-->\r\n\t<\/div>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u7ad6\u680f\uff1a160\u00d7600 \u6574\u5217\u9ad8\u5e7f\u544a -->\r\n  <div style=\"grid-row:3\/8; height:600px;  display:grid; place-items:center;\">\r\n    <!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114301\" data-width=\"160\" data-height=\"600\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114301});<\/script>\r\n<!--JuicyAds END-->\r\n  <\/div>\r\n\r\n<\/div><br \/>\n<br \/> France, Germany reach deal on arms maker KNDS, paving way for IPO<br \/>\n<br \/>#France #Germany #reach #deal #arms #maker #KNDS #paving #IPO<\/p>\n","protected":false},"excerpt":{"rendered":"<p>France and Germany announced Monday a deal for the joint governance of arms maker KNDS,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[10442,1361,2100,1556,4151,13099,2086,13100,1576],"class_list":["post-14903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories","tag-arms","tag-deal","tag-france","tag-germany","tag-ipo","tag-knds","tag-maker","tag-paving","tag-reach"],"featured_image_urls":{"full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",768,455,false],"thumbnail":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924-150x150.jpg",150,150,true],"medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924-300x178.jpg",300,178,true],"medium_large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",640,379,false],"large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",640,379,false],"1536x1536":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",768,455,false],"2048x2048":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",768,455,false],"covernews-slider-full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",768,455,false],"covernews-slider-center":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",768,455,false],"covernews-featured":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924.jpg",768,455,false],"covernews-medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924-540x340.jpg",540,340,true],"covernews-medium-square":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/4f38be0c7013a5399b3c8e400aea8c2910b19924-400x250.jpg",400,250,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/8657085.xyz\/?author=1"},"category_info":"<a href=\"https:\/\/8657085.xyz\/?cat=7\" rel=\"category\">Stories<\/a>","tag_info":"Stories","comment_count":"0","_links":{"self":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14903"}],"version-history":[{"count":0,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/media\/14904"}],"wp:attachment":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}