BERLIN, Dec 10 (Reuters) - Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defence company that would consolidate
Rheinmetall CEO Pursues KNDS NV Acquisition for Defence Growth
BERLIN, Dec 10 (Reuters) - Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defence company that would consolidate the continent’s fragmented market, Bloomberg reported on Wednesday, citing sources with knowledge of the matter.
Papperger has spoken to politicians in Berlin and representatives of state-owned development bank KfW in recent months about investment options to tie up the two tankmakers, the sources said.
(Reporting by Maria Martinez;Editing by Elaine Hardcastle)
