
Taking over the 50 percent shares of the owner families in the defense company KNDS will cost the federal government 6.6 billion euros.
AI-generated summary
The federal government agreed to take over the owner families' 50 percent share in KNDS.
Berlin. The federal government is paying 6.6 billion euros to join the German-French arms company KNDS. This became known to the Handelsblatt from parliamentary circles on the sidelines of the budget adjustment. The federal government had agreed with the German owning families to take over their 50 percent share, as it became known last week.
The price results from the valuation of KNDS of 11.2 billion euros in the run-up to the failed IPO and a surcharge of one billion euros. The surcharge is justified, among other things, by the fact that the annual profit expected for 2026 should flow proportionately to the families, reports the news magazine âDer Spiegelâ. The purchase contract is scheduled to be signed in November.
In a submission to the Bundestag's budget committee available to Handelsblatt, it was only said that the purchase price for 50 percent was below the amount of up to 7.2 billion euros originally reserved for 40 percent in the summer.
There was already talk of a package surcharge for the strategic investment and an unquantified surcharge for the families' lost dividends. By investing in the German-French company, the federal government wants to protect key technologies in the construction of armored vehicles and prevent Germany from falling behind France as the second major shareholder.
AI outlook â possibilities, not facts
Signing of the purchase agreement in November
Very likely · Within weeks

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