Tank manufacturer KNDS intends to proceed with its stock market listing on the original schedule and will not wait for a possible stake by the German government. Chief executive Jean-Paul Alary confirmed on Friday that preparations continue.
KNDS continues to examine the earliest possible time window for the move. The owners and the supervisory board support this course.
Several media outlets had reported that the federal government asked for a delay of the IPO from before the summer recess until autumn. The reason is the ongoing negotiation process over a possible government stake of 30 to 40 percent.
KNDS stated that participation by the federal government would be welcome. However, preparations for the stock market listing take priority.
