French and German military tank makers Nexter and KMW are due to sign their merger deal on Wednesday, Le Figaro newspaper reported citing sources close to the situation.
State-controlled Nexter and privately-held KMW have been in exclusive merger talks for more than a year, but reports have said that automotive and defense group Rheinmetall was also interested in making an offer for KMW, which belongs to the Bode-Wegman family.
Le Figaro said Nexter, which builds the Leclerc tank, and KMW, maker of the Leopard, each employs about 2,700 people and had sales of 1.05 billion euros and 795 million euros respectively in 2013.
Full content: Deutsche Welle
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI