KNDS, the Franco-German land armaments group behind the Leopard 2 tank and Caesar self-propelled howitzer, has announced it will list its shares on the Euronext Paris and Frankfurt Stock Exchanges.
The initial public offering is expected to take place in the coming weeks, marking a significant shift in the company's capital structure and market visibility.
The move follows a governance agreement sealed on June 22 between France and Germany, which established the two nations as equal shareholders in the defence group.
This parity arrangement resolves previous structural complexities and paves the way for the public listing, allowing the company to raise capital while maintaining state oversight through its primary owners.
The IPO represents a strategic milestone for KNDS, which has been consolidating its position as a key European defence supplier.
By listing on both major exchanges, the company aims to broaden its investor base and enhance liquidity for its shares.