Knds

2 stories

Economy
Defence industry
KNDS postpones IPO as defence shares slide; Luxembourg's armoured-vehicle order stands
KNDS, Europe's biggest land-defence group, has postponed its planned Frankfurt and Paris listing, blaming a slump in defence shares. Its €33.1bn order backlog — which includes the Jaguar and Griffon vehicles bound for the Luxembourg army — is unaffected.
By Jonas Thillyesterday
Europe
European defence
France and Germany settle KNDS ownership dispute, clearing path to defence-champion IPO
France and Germany have agreed to co-own armoured-vehicle maker KNDS as equal shareholders, ending a long-running governance dispute and opening the way to one of Europe's largest defence listings. Germany will buy a 40% stake from the company's German family owners, with a dual Frankfurt-Paris flotation targeted for July as EU rearmament spending accelerates.
By Jonas Thill22 June 2026