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Radio France Internationale
Radio France Internationale
World
RFI

France, Germany reach deal on arms maker KNDS, opening door to stock market

KNDS Germany France Stock Market Europe Amsterdam Berlin IPO Paris United States
A view of a Leopard 2 tank at a production line in Unterluess, Germany, 12 February, 2024.
A view of a Leopard 2 tank at a production line in Unterluess, Germany, 12 February, 2024. AP - Fabian Bimmer

France and Germany announced Monday a deal for the joint governance of Amsterdam-headquartered arms maker KNDS, paving the way for a blockbuster share offering as they seek to boost faltering European defence cooperation.

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.

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