business
Monday, July 27, 2015
For some time there is speculation – now it’s quite fix: The defense contractor Krauss-Maffei Wegmann and Nexter want go together. The merger is expected to be sealed this week.
The German tanks Bauer Krauss-Maffei Wegmann (KMW) and his French competitor Nexter still want to seal their merger this week. The Ministry of Defence in Paris hosted a press conference on Wednesday (17.00 clock). She explained that the “signing of the agreement” between the two companies, it said.
The agreements are to come in the bag. The owner family Bode for KMW and the French State for Nexter were the signatories. It is a holding company incorporated under Netherlands law be established with the provisional name “Newco”. They hold all the shares of the two companies. KMW is best known for the battle tank “Leopard”.
antitrust authorities must still approve
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More than a year ago, the company had already announced their plans. It is the most spectacular armor fusion for many years. Together, the partners from Munich and Paris come euros in sales and 6,000 employees to about two billion. By joining forces they want to better survive in global competition, especially as the national defense budgets have shrunk.
The Fusion have the national antitrust authorities, however, still disagree. In addition, France had to publish the recently adopted law on economic reforms, says the “Handelsblatt” – with him being privatized Nexter. So far, the armorers is a pure state-owned enterprises, the future will the government possess half a private holding company.
The national export regulations initially remain in force. “We are working on the harmonization of export regulations,” reads aloud “Handelsblatt” in the context of the French Government. The economy is impeded when a company must be based on a number of national rules.
Source: n-tv.de
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