KNDS, the Franco-German defense conglomerate formed by the merger of Nexter and Krauss-Maffei Wegmann, is advancing plans to list its shares on both the Paris and Berlin stock exchanges.
The company intends to float approximately 20% of its capital, marking a significant step toward creating a publicly traded European arms giant.
The move follows a breakthrough agreement between France and Germany to establish equal, 50-50 shareholder governance within the group.
This parity arrangement removes the final structural obstacle that had previously complicated the company's path to a public listing.
By aligning state ownership, the two nations have cleared the way for KNDS to access public capital markets while maintaining joint strategic control.
As the European Union's largest manufacturer of main battle tanks, KNDS is positioned to benefit from the ongoing surge in European defense spending.