FRANKFURT (Reuters) – A court in Frankfurt on Tuesday said it had rejected a request by Franco-German defence contractor KNDS for an injunction to block private equity group Triton Partners from selling shares in German tank gearbox maker Renk.
Sources familiar with the transaction told Reuters earlier on Tuesday that KNDS had taken legal action in a dispute over a contract with Triton to transfer Renk shares, as KNDS seeks to increase its stake in Renk.
(Reporting by Christoph Steitz, writing by Ludwig Burger, editing by Rachel More)
