Czechoslovak Group’s Market Capitalization Reaches €25 Billion After IPO

Leading Czech defense group Czechoslovak Group a.s. (CSG) announced the successful completion of the initial public offering (IPO) of CSG N.V. and the admission of its shares to trading on the regulated market of Euronext Amsterdam.

Key IPO indicators:

• The placement price was €25 per share.
• The company’s total capitalization after the IPO is €25.0 billion.

Total gross proceeds from the share offering (including new and existing shares) may amount to €3.8 billion, subject to full exercise of the Over-Allotment Option, which corresponds to 15.20% of the total number of shares issued by the company after settlement.

Key investors who have confirmed their participation in the placement for €900 million include Artisan Partners, several funds and accounts managed by BlackRock, and Al-Rayyan Holding LLC (a subsidiary of Qatar Investment Authority).

To mark the first day of trading on Euronext Amsterdam, CSG Chairman Michal Strnad and members of the executive team took part in the traditional gong ceremony at Beursplein 5.

“Today we are reaching a historic milestone for CSG – joining the Euronext Amsterdam market. We are grateful for the trust that investors have placed in us. The successful IPO demonstrates our high standards of transparency, corporate governance, and openness, and strengthens our ability to invest in innovation, expand our global presence, and fulfill our mission as a key supplier of advanced defense and industrial solutions to NATO member states and government partners around the world. We are proud to combine our Czech industrial heritage with our global manufacturing presence and look forward to creating long-term value for all our partners in the years to come,” said Michal Strnad, Chairman of the Board of CSG.

CSG N.V. shares are listed on the Euronext Amsterdam regulated market under the ticker symbol CSG.

The company has appointed BNP PARIBAS, Jefferies GmbH, J.P. Morgan SE, and UniCredit as joint global coordinators (in this and any other role, hereinafter referred to as “Joint Global Coordinators”) and, together with Česká spořitelna, a.s., COMMERZBANK Aktiengesellschaft, Deutsche Bank Aktiengesellschaft, and Morgan Stanley Europe SE as joint bookrunners (together with the Joint Global Coordinators and Joint Bookrunners, the “Underwriters”) for the offering.

Clifford Chance LLP and Clifford Chance Prague Association s.r.o., advokátní kancelář acted as legal advisors to CSG. Allen & Overy Shearman Sterling LLP and Allen & Overy Shearman Sterling (Czech Republic) LLP, organizační složka acted as legal advisors to the syndicate of underwriters.

Czechoslovak Group is a global industrial and technology group owned by Czech entrepreneur Michal Strnad that supplies technology worldwide, contributing to a safer and more stable future. The group focuses on the development and production of strategically important products, systems, and technologies in the defense, aerospace, automotive, and other high-tech sectors. The group’s key manufacturing facilities are located in the US, UK, Spain, Italy, Germany, Czech Republic, Slovakia, Serbia, Greece, and India. CSG exports its products worldwide

. The group continuously invests in the development of its companies and expands its core activities. CSG’s key companies include Czech land systems manufacturer Excalibur Army and vehicle manufacturer Tatra Trucks, Slovak artillery ammunition manufacturer MSM Group, US small-caliber ammunition manufacturer The Kinetic Group, and Czech radar systems manufacturer Eldis. CSG specializes in the development and production of strategically important products, systems, and technologies that are necessary for the protection of the fundamental values of civilization.

The group, which brings together integrated and affiliated companies, employs more than 14,000 people. CSG’s revenue in 2024, including The Kinetic Group’s full-year results, was €5.2 billion, with consolidated revenue of €4 billion.