KNDS valuation forecast cut to €18-20 billion

7 articles · Updated · Bloomberg · May 8

Advisers to the Netherlands-headquartered tank maker lowered their estimate from as much as €25 billion, people familiar with the matter said.
The downgrade has cast doubt on KNDS's planned summer initial public offering as defence stocks weaken.
The revision reflects investor concerns that the sector slump could curb appetite for one of Europe's biggest prospective listings.

While its partner's IPO soared, why is KNDS's own public offering facing such deep uncertainty?

What internal scandal and political feud are derailing the massive IPO for Europe's premier tank builder?