Newssos
KNDS, the European defense manufacturer, is moving toward a public listing on exchanges in both Paris and Frankfurt, with existing shareholders set to sell up to 20% of the company's share capital in the offering.
The transaction would place the defense group on two of the continent's principal equity markets simultaneously.
Structure of the Offering The shares on offer will come from current shareholders rather than a primary issuance, meaning proceeds from the sale flow to existing owners rather than directly onto KNDS's balance sheet.
The ceiling disclosed is 20% of existing share capital, though the source does not specify whether all of that stake will ultimately be brought to market or name which shareholders intend to sell.
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