The Kassel armaments family makes a billion-dollar business
KNDS announced its IPO on Wednesday. 20 % The company shares will in future be traded in Paris and Frankfurt. With a current valuation of the tank builder of 15-18 billion. The IPO is expected to raise €3-5.4 billion at the beginning of July. € heavy.
While France has so far held half of KNDS, The Wegmann family holding is on the German side. She sells before the IPO 40 % their shares to the German state. cost point: at least 6-7.2 billion. €. The owners had negotiated an additional price premium in recent weeks.
In Kassel, Isabel Glinicke in particular benefits from the business. It currently holds through an investment company 12 % in the Wegmann-Holding and is expected to receive around €100,000 for its shares 1 Mrd. €. The 54-year-old is the great-granddaughter of the industrialist August Bode and Florian Glinicke, the boss of the Kassel car dealership group, married.