Germany: Rheinmetall may sell up to 60% of KP

According to a Bloomberg report, citing comments from sources said to be familiar with the situation, Rheinmetall could sell up to 60% of its ownership of Kolbenschmidt Pierburg in an initial public offering (IPO), thereby ceding majority control to external investors. Rheinmetall noted in a statement at the end of July Subscribe to Automotive World … Continued

• By Webmaster
• August 11, 2011