Economy - Hensoldt wants to take over defense company ESG
The defense electronics group Hensoldt wants to take over the Munich-based defense company ESG. The Management Board intends to invest up to 730 million euros in the deal, as Hensoldt announced on Tuesday evening. Annual cost savings of around 19 million euros are expected. There should also be potential for more turnover through complementary sales. The money for the takeover is to come from a possible capital increase and debt. Hensoldt hopes that the deal will be completed by the end of the first half of 2024 at the latest.
Announcement
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Source: www.stern.de
