economy
The reclusive heirs in line for billions when Europe’s top tankmaker lists
Unlikely cast of characters who own half of KNDS set for a windfall as Berlin prepares to buy in at an up to €20bn valuation
TL;DR
- Germany is preparing to invest in KNDS, Europe's leading tankmaker.
- The potential valuation of KNDS is up to €20 billion.
- A group of reclusive individuals who own half of KNDS are set for a large financial gain.
- Berlin's planned acquisition is expected to result in a windfall for these shareholders.