Czechs may sell explosives maker Explosia, agency quotes PM


Reuters | Updated: 22-05-2026 17:22 IST | Created: 22-05-2026 17:22 IST
Czechs may sell explosives maker Explosia, agency quotes PM

The ​Czech ‌government may ​sell state explosives maker ‌Explosia and possibly use the proceeds for military investment under ‌the country's NATO ‌defence spending commitments, news agency CTK quoted Prime Minister Andrej ⁠Babis ​as ⁠saying on Friday.

Babis said ⁠France had shown interest ​through President Emmanuel Macron, as ⁠well as some European ⁠companies, ​Babis said, adding that the government would ⁠need to keep some ⁠control ⁠due to the firm's relationship with the ‌military.

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