Italian arms firm Leonardo buys stake in Germany's Hensoldt
Leonardo said it paid 606 million euros ($733 million) for 25.1% of shares in Hensoldt, which makes military electronics.
Hensoldt was spun out from Airbus in 2017 and purchased by KKR. The investment firm has since sold a 25.1% blocking minority to the German government, which has deemed Hensoldt's products essential to national security.
The deal still requires regulatory approval.
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