Germany will enter the capital of KNDS and will control the land defense giant equally with France

The Franco-German defense group KNDS will become a state-owned entity, as the German government plans to buy out the shares held by German families. This decision comes after the group's initial intention to go public was abandoned due to unfavorable market conditions. The German state will hold 50% of the group's capital, equal to France's stake. The Bode-Wegmann families, who own the shares, have long sought to divest. Initial plans for an IPO were announced for late 2025, but these have now changed significantly.