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KNDS, Triton Reach Agreement After Spat Over Renk Stake

KNDS, Triton Reach Agreement After Spat Over Renk Stake

Bloomberg28-07-2025
Investment firm Triton Partners has agreed to transfer about half of its shares in gearbox maker Renk Group AG to Franco-German defense company KNDS NV, settling a dispute that has dragged on since February.
Triton on Monday said in a statement it would transfer 9,166,667 shares in the settlement, which increases KNDS's current stake in Renk to 15.8%. KNDS had sought to expand its 6.7% stake to 25% before the conflict with Triton.
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