Elysee says France and Germany agree KNDS governance - Speech Brief
22 June 2026 00:00 UTC · Elysee · Elysee Statement · Source · Email X Link

Elysee says France and Germany agree KNDS governance

Key points

  • Equal KNDS co-shareholding between France and Germany
  • Agreement subject to German Parliament budget approval

TL;DR

  • France and Germany will become equal co-shareholders of KNDS, subject to German Parliament budget approval.
  • The agreement establishes long-term shareholder commitment, parity of governance rights, and oversight of security matters.
  • The states aim to strengthen Franco-German industrial and military sovereignty, expand KNDS capabilities, and may pursue a public listing.
Original text

Aujourd'hui, la France et l'Allemagne ont conclu un accord sur la stratégie et la gouvernance de KNDS, dont elles ont l’intention de devenir co-actionnaires, à travers des transactions visant à un actionnariat paritaire entre les deux pays. L’accord et les transactions seront effectifs sous réserve de leur approbation budgétaire par le Parlement allemand. En fixant ce cadre franco-allemand, les deux États franchissen...

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