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KNDS, the Franco-German tank maker, has shelved its plans for a stock market listing, saying it will wait for more favourable market conditions before proceeding.
The decision suspends what would have been a significant capital markets milestone for the combined Franco-German defence group.
A Pause, Not a Withdrawal KNDS framed the move as a delay rather than a cancellation, signalling that an initial public offering remains a strategic goal once conditions improve.
The company gave no timeline for revisiting the listing, nor did it specify which market or markets it had been targeting.
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