Deals
Key Ukraine Munitions Supplier CSG Plans IPO in Amsterdam
Military hardware at the CSG stand during the Eurosatory Defense and Security expo in Paris, in 2024.
Photographer: Nathan Laine/BloombergArmored vehicle and munitions maker Czechoslovak Group announced plans to go public in Amsterdam, in what could be the largest-ever defense initial public offering.
The Prague-based firm is planning to sell €750 million ($874 million) of new shares and owner Michal Strnad will sell an undetermined amount of existing shares in the deal, according to a statement and terms seen by Bloomberg. Cornerstone investors Artisan Partners, BlackRock and a subsidiary of the Qatar Investment Authority have committed to take up a combined €900 million of the offering, the statement said.