Tank maker KNDS pushes Berlin to decide on taking stake before IPO

AI Summary

KNDS, a tank manufacturer, is urging Berlin to expedite its decision on whether to take a stake in the company before its planned IPO, which is expected to value the Paris-backed group between €15 billion and €20 billion. The outcome of this stake acquisition will influence market movements leading up to the IPO.

German family shareholders want to press ahead with listing of Paris-backed group at €15bn-€20bn valuation