KNDS considers IPO as defence sector booms, sources say
FRANKFURT, Feb 21 (Reuters) - Military defence system supplier KNDS is considering an initial public offering (IPO) as early as the end of the year, two people familiar with the matter told Reuters, as Europe's bid to increase defence triggers a rally in the sector.
The Franco-German company has held early stage talks with advisers about a possible listing in late 2025 or in 2026, potentially in Frankfurt, the sources said, speaking on condition of anonymity.
Banks have yet to be appointed, they added.
The French state shareholding agency (APE) declined to comment. KNDS and its German family shareholder Wegmann-Gruppe did not respond immediately to requests for comment.
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