CSG Said to Eye Friday Trading Debut at €25 Billion Valuation
A Pandur 8x8 EVO wheeled armoured vehicle at the CSG stand at the International Defence and Security Technologies Fair, in Brno, Czech Republic.
Photographer: Milan Jaros/BloombergDefense firm Czechoslovak Group AS is considering setting a price in an accelerated initial public offering that would value the company at about €25 billion ($29.1 billion), according to people familiar with the matter.
The armored vehicle and munitions maker is planning to start trading in Amsterdam as soon as the end of this week, the people said, asking not to be identified as the information is private. Order taking for the offering could start as soon as Tuesday and end as soon as Thursday, the people said. The company had been considering a valuation of as much as €30 billion, Bloomberg News reported previously.