“This operation is absolutely necessary”: the boss of the KNDS defense group pleads again for the IPO
ANALYSIS - Jean-Paul Alary, CEO of the European leader in land armaments, believes that the double listing on the Stock Exchange, in Paris and Frankfurt, must be carried out as quickly as possible so that the company…
Jean-Paul Alary does not budge. The general director of the Franco-German group KNDS believes that the double listing on the stock exchange, in Paris and Frankfurt, of the manufacturer of Leclerc and Leopard 2 battle tanks, Caesar armor and cannons, must be carried out as soon as possible. “This operation, approved by the board of directors, is absolutely necessary because KNDS needs operational autonomy and speed to meet the challenges of European defense and conquer international markets while competition, particularly from Korea, is increasing,” he explains to Le Figaro.
The new governance must contribute to this. “It establishes a balance between the two States, preserves their national interests, via security agreements, and the interests of the group and its 11,000 employees,” underlines the director of the European leader in land armaments. The IPO was to be launched in June following the agreement between Paris and Berlin, before being postponed.
Machine-translated from French
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- Le Figaro23 Oct, 18:00
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
| Total | 78 |
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