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Investing.com -- Franco-German tankmaker KNDS NV is seeking financial advisers to help prepare for a possible initial public offering that could value the company at around €20 billion ($23.4 billion), according to Bloomberg, citing sources familiar with the matter.
The Amsterdam-based company, which supplies military equipment used in the Ukraine war, has invited capital markets specialists to compete for advisory roles for the potential IPO, the sources said.
KNDS is owned by the German family behind Krauss-Maffei Wegmann and the French government. The company is considering a dual listing in Frankfurt and Paris as early as 2026, though a listing in Amsterdam remains an option as well.
The tankmaker has begun formal preparations by reaching out to financial experts who could guide management through the listing process. No final decisions have been made regarding timing or listing locations.
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