Czech defense giant applies for listing on Amsterdam Stock Exchange

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Czech defense giant applies for listing on Amsterdam Stock Exchange
Photo: Vadim Ghirda AP/TT

The Czech ammunition and armored vehicle manufacturer Czechoslovak Group (CSG) said in a press release that it has applied for a listing on the Amsterdam stock exchange.

The IPO plans to issue new shares to raise 750 million euros (just over eight billion SEK).

CSG, one of the Ukrainian army's largest suppliers, has an order book valued at 14 billion euros and reported revenue of $4.5 billion in the third quarter of 2025.

Reports that Prague-based CSG was on its way to the Amsterdam Stock Exchange spread last week. At the time, there was speculation that the entire company would be valued at 25-28 billion euros, although owner and chairman Michal Strnad was said to have set his sights on 30 billion euros.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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