Defense Firm CSG Said to Add Banks to Work on €3 Billion IPO
The CSG stand at the Eurosatory Defense and Security expo in Paris, in 2024.
Photographer: Nathan Laine/BloombergDefense manufacturer Czechoslovak Group AS has added more banks to work on its potential initial public offering that could raise €3 billion ($3.5 billion) or more, according to people familiar with the matter.
The Prague-based producer of heavy ammunition and combat vehicles, more commonly known as CSG, has selected Commerzbank AG, Deutsche Bank AG, Erste Group Bank AG and Morgan Stanley to work in junior roles on a listing of the firm, said the people, who asked not to be identified as the information is private.