US EditionCzech defence firm CSG nears IPO decision that would boost M&A war chest: Report
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9 Articles
Exclusive: Czech defence firm CSG nears IPO decision that would boost M&A war chest
Czech arms and ammunition firm Czechoslovak Group has discussed with banks floating around 15% of its shares in a potential initial public offering, with a decision yet to be reached, owner and Chair Michal Strnad told Reuters.
The fastest growing military company in Europe, Czechoslovak Group (CSG), is considering going public through an initial public offering (IPO), the company's executives have confirmed in talks with international banks. CSG owner and president Michal Strnad said that a possible listing would allow the company to finance further expansion and acquisitions using its own shares, in a sector that has seen strong investment and production momentum in …
The CSG weapons manufacturer is seriously considering introducing itself on the stock exchange into what could be one of the main operations of the year on the Old Continent.
Arms companies' shares are in high demand due to high NATO spending. According to recent research, CSG is the fastest-growing European company in the global arms market. Other arms companies are also aiming for an IPO.
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