Germany Takes 40% Stake In KNDs
Germany and France to become joint shareholders of KNDs with equal weighting, subject to German parliamentary approval
French And German Governments: Through This Agreement On KNDs, The Two States Would Secure Their Rights Both As Shareholders And As Sovereign States France And Germany Have Decided To Become Joint-Shareholders On Equal Weighting Basis In KNDs This Agreement And Planned Transaction On KNDs Is Subject To German Parliamentary Budget Approval This Agreement Paves The Way For A Possible IPO Of KNDs In The Near Future.
The Agreement On KNDs Reflects Their Shared Determination To Strengthen Europe's Armed Forces And European Sovereignty