CSG plans to issue new shares worth €750m in Amsterdam

The Czechoslovak Group (CSG), owned by Czech entrepreneur Michal Strnad and primarily focused on the arms industry, plans to go public on the Amsterdam Stock Exchange in the coming weeks. The company intends to issue shares worth €750 million (around CZK 18 billion) to fund further development.

CSG’s main shareholder, CSG FIN, will also sell part of its stake in the company. Last year, CSG saw sales rise by 82.4% year-on-year, reaching €4.49 billion in the first three quarters.