Buyout group KKR is soliciting bids for a large stake in Hensoldt as it looks to exit the German defence supplier following the company’s 2020 stock market listing, people close to the matter said.

The private equity firm, which still owns 43% in Hensoldt, earlier this year offered a large stake in Hensoldt to European defence groups including France’s Thales and Italy’s Leonardo, the people said.

Talks on the sale of a stake of up to 29% are ongoing, but no final decision has been taken, one of the people said.

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Source: Nasdaq

By Arno Schuetze and Alexander Hübner