08:31 AM EST, 11/10/2026 (MT Newswires) -- The German government agreed to pay 6.6 billion euros to acquire a 50% stake in pan-European land defense company KNDS, Reuters reported Tuesday, citing two people close to the matter. The reported valuation is lower than the up to 7.2 billion-euro price tag that Berlin had expected in June for a smaller 40% stake, the report said. KNDS and Germany's Federal Ministry for Economic Affairs and Energy did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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