Česká zbrojovka buys 100% stake in Colt Holding. Česká Zbrojovka
group (CZG) has signed the final agreement for the acquisition of the 100%
stake in Colt Holding Company. The value of the transaction reaches USD 220m in
cash and 1.1 million newly issued common shares. The transaction is subject to
regulatory approval. It will likely be settled in 1H 2021. With the
acquisition, CZG will acquire additional production capacities in the US and
Canada and expand its customer network. Colt is a supplier to the U.S. Army
and, through its Canadian subsidiary, also an exclusive supplier of small arms
to military forces in Canada.
Zpracoval kolektiv pracovníků zahraniční kanceláře CzechTrade Bangalore.