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Rheinmetall CEO makes fresh pitch to buy part of KNDS NV, Bloomberg reports

Published by Global Banking and Finance Review

Posted on December 10, 2025

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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)

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