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KNDS Said to Sue Triton Over Refusal to Deliver 18% Renk Stake

KNDS Said to Sue Triton Over Refusal to Deliver 18% Renk Stake

Bloomberg13-05-2025
KNDS NV has sued private equity firm Triton Partners for refusing to transfer a stake in key tank supplier Renk Group AG, according to people familiar with the matter.
The Franco-German defense company on Monday filed a lawsuit at Frankfurt's regional court against Triton, demanding the investment firm deliver 18.3 million Renk Group shares, the people said. The move took place just hours before the Tuesday midnight deadline for the share transfer, the people said, declining to be identified because the information is private.
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