Rheinmetall CEO Woos Berlin in Push for European Tank Merger

Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defense champion that would consolidate the...

By Eyk Henning, Aaron Kirchfeld, Laura Alviz · Bloomberg

Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defense champion that would consolidate the continent’s fragmented market, according to people with knowledge of the matter.