The German-French defense conglomerate KNDS has decided to postpone its initial public offering (IPO). The company is waiting for «more favorable market conditions» before proceeding with its stock market debut. This decision comes after careful consideration of the current economic climate and its potential impact on the success of the listing.
In other business news, a prison sentence has been handed down for fraud related to the «Cleverbuy» portal. Separately, Sony is ceasing the production of video game discs. More updates on company news are available in our live blog.
