Germany to take 50% stake in KNDS, arms maker, in state intervention

The German federal government has reached an agreement with the German owner families of KNDS, the Franco-German arms manufacturer, to acquire a 50% stake, with the French state holding the other half. This marks a significant state intervention in a major European defense industrial player, likely aimed at securing national control over key military production capabilities. The deal's terms and implications for Franco-German defense cooperation remain unclear.

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