Czechoslovak Group buys ammunition manufacturer Kinetic

The US company Vista Outdoor will sell its sports equipment and weapons division Kinetic Group to Czechoslovak Group (CSG) of Czech entrepreneur Michal Strnad. The sale was approved by shareholders at Monday's general meeting, Vista said. According to earlier reports, the deal is worth $2.2 billion (roughly CZK 53 billion). Kinetic Group was formed in late 2023 by spinning off Vista Outdoor's Sporting Products division into a separate legal entity.