June 21 (Reuters) – The families that own half of tank maker KNDS have agreed to sell a 40% stake to the German government, Bloomberg News reported, citing people familiar with the matter.
Defense group KNDS is preparing an IPO for a dual-listing in Frankfurt and Paris expected this year.
The deal will value KNDS at between 15 billion euros ($17.20 billion) and 18 billion euros ($20.64 billion) depending on where the share price is after a few weeks of trading, the report added.
Reuters could not immediately verify the report. KNDS and the German government did not immediately respond to Reuters’ requests for comment.
($1 = 0.8720 euros)
Read more Ramiro Valdes, lauded as hero of Cuban revolution, dies at 94
Read more Bolivia crisis begins easing, air force jet on assistance flight crashes
Read more Colombia seek second World Cup win as DR Congo eye another upset
