Czech arms manufacturer CZG negotiating purchase of 100 percent stake in Colt Holding Company

Česká zbrojovka Group SE (CZG) is negotiating the purchase of a 100 percent stake in the world-famous firearms manufacturer Colt Holding Company LLC, the Czech News Agency reports quoting a regualotory announcement by CZG. The Czech arms producer states that both parties have reached an agreement in terms of the basic parameters of the purchase and are now negotiating technical and regulatory components.

CZG says the aim is to acquire Colt by the end of January.