Csg Shares Fall Sharply, Company Allegedly Concealed Information Before Listing

Hospodářské Nnoviny (HN.cz)

Factuality

Ownership

The arms group Czechoslovak Group, which went public on the Amsterdam Stock Exchange in January, allegedly hid from investors the fact that one of its companies was under investigation by NATO over corruption allegations. The Dutch investigative website Follow the Money claims that before going public, the group of the richest...

echo24.cz

Factuality

Ownership

Shares of arms conglomerate Czechoslovak Group (CSG) fell sharply on Tuesday after foreign media reported that its Spanish subsidiary, which manufactures tank and mortar ammunition, had been excluded from NATO's tender system. According to the media, the group did not mention this fact in its prospectus before its January listing. CSG denies any wrongdoing in connection with contracts fulfilled by its Spanish subsidiary FMG, saying that it condu…