3Wk·

Reverse IPO KNDS N.V. by Renk?

Speculation for me: Reverse IPO for KNDS through takeover of $R3NK (-12.52%) .

Dramatic acceleration to go public and carry out capital increase. Extended capitalization.

Urgently needed expansion of production capacities and purchase of the drive and chassis division for Leopard 3 to keep Rheinmetall's KF51 at bay

3. proximity to the Augsburg - Munich site (KMW)

4. with the company name in Germany, extended access to funds from the special assets and tax advantages in Germany compared to KNDS N.V. Holding Netherlands.

KNDS already holds 25% of Renk. Renk is comparatively inexpensive.

Renk's share price should multiply if my speculation proves correct.

9 Comments

Dividendenopi👴@Dividendenopi

3Wk

Exciting thesis, they have had 25.1% for a short time now

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Fabian F.@Fabianfeuer

3Wk

I don't understand the reverse IPO point right now. KNDS is not even listed on the stock exchange

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Global I.@gloinvest

3Wk

@Fabianfeuer KNDS uses Renk's shell company to rename Renk as KNDS AG after the complete takeover.
This saves KNDS the bookbuilding process, the costs and the time for the IPO.

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Fabian F.@Fabianfeuer

3Wk

@gloinvest verstehe

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Dividendenopi👴@Dividendenopi

3Wk

Following your suggestion, I have looked into the topic a little and have come to the following conclusion for further discussion: I do not believe that KNDS can and will use the "shell company" of $R3NK for a quick IPO. The partly not so uncomplicated shareholdings rather speak against it. As you mentioned, a takeover bid could be conceivable. From today's perspective, I doubt whether they would want to do this and whether it would bring advantages over a separate IPO. On the other hand, $RHM is in the starting blocks to acquire a correspondingly large stake if KNDS goes public. In my opinion, a merger of Renk and KNDS would be too big for Rheinmetall to be interested in taking a decisive stake. There is a lot of movement and I will continue to keep an eye on it, as a very lucrative trade is possible in the medium term. What is your assessment of the situation?

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Fabian F.@Fabianfeuer

3Wk

@Dividendenopi Do you mean me or the other one?

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Dividendenopi👴@Dividendenopi

3Wk

@Fabianfeuer probably slipped 🤷‍♂️🙈, I meant @gloinvest

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Fabian F.@Fabianfeuer

3Wk

@Dividendenopi all good

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Patrick Schäfer@Hotte1909

3Wk

I'm right there with you and can certainly imagine that.
Didn't KNDS try an IPO itself a few years ago? I have something in my head, but then they raised fresh capital somewhere else.

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