Germany will acquire 40% stake in tank maker KNDS at listing, German official says

​Germany ​will look ‌to acquire a ​40% stake in Franco-German ‌defence equipment group KNDS when it lists on the ‌stock market, a German ‌official said on Wednesday, matching the size of France's stake ⁠in ​the ⁠maker of the Leopard tank.

Both governments ⁠will reduce their stakes ​to 30% over the next ⁠two to three years and ⁠both ​will hold equal voting rights, the official, ⁠who spoke on condition of ⁠anonymity, ⁠said.

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