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Berlin buys back 50% of KNDS and controls the arms group on equal terms with Paris

By , based on Le Monde

Berlin buys back 50% of KNDS and controls the arms group on equal terms with ParisWikitarisch · CC BY-SA 4.0

The German government has reached an agreement in principle with the shareholder family of KNDS to buy back its 50% stake in the Franco-German land armaments group. Berlin will thus control the company on an equal footing with the French state, which already owns the other half, according to Le Monde.

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