Rheinmetall targets KNDS as defence sector under fire

Germany’s Rheinmetall is in talks to buy a stake in Dutch defence company KNDS, as the European defence sector tries to shelter from the fallout of Brexit.

  • By Mike Turner
  • 28 Nov 2018

Rheinmetall, rated Baa3 by Moody’s, is in talks with Wegmann Unternehmens-Holding to buy its stake in KNDS, which would give Rheinmetall a 51% stake and indirect ownership of German arms company Krauss-Maffei Wegmann.

The acquisitive company did not comment on how it planned to finance the deal. The Rheinmetall ...

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