BELFAST — France and Germany have reached an agreement establishing equal ownership in European defense company KNDS as preparations for a potential initial public offering progress.
According to a joint statement, the Franco-German pact aims to enhance mutual sovereignty in land defense initiatives.
France currently holds a 50% stake, which is projected to decrease to 40%, while Germany is pursuing an equivalent share, pending budget committee approval, as stated by government spokesperson Stefan Kornelius.
The pact emphasizes long-term shareholder commitment, balanced governance, and security oversight, as outlined in the agreement.
The framework also supports a potential IPO for KNDS, which could occur as early as tomorrow, per Bloomberg reports.
This development marks a major step since KNDS’ 2015 creation through a joint venture between Nexter Systems (France) and Krauss-Maffei Wegmann (KMV). The company specializes in Leopard 2 tanks, Leclerc main battle tanks, and various armored vehicles.
The agreement’s goals include boosting European defense demand, fostering technical and commercial synergies, and reinforcing supply chain resilience.
Additionally, KNDS completed a delivery of 110 modernized Stridsvagn 123 Leopard 2 tanks to Sweden’s FMV procurement agency.
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![Mexican Narco-Rap Artist El Makabelico Sanctioned by US for Cartel Ties, Music Pulled from Mainstream Platforms[TITLE] Mexican narco-rap artist El Makabelico—born Ricardo Hernández Medrano—has become a focal point in US efforts to dismantle the Northeast Cartel (Cartel del Noreste, CDN), following Treasury sanctions and removal of his music from major streaming platforms. The sanctions, issued in August 2025, allege that 50% of his streaming revenue funded the CDN, while his concerts and performances allegedly laundered proceeds. El Makabelico rose to prominence through lyrics glorifying the CDN’s leadership, territorial dominance, and violent operations. Performing under a ski mask, he cultivated an image closely tied to the cartel, with songs like “Gunshots rang out; blows were unleashed” referencing the CDN’s enforcement wing, Hell’s Troop. His music videos and public persona often showcased luxury items, including a diamond-encrusted .38 Super pistol and high-performance firearms. US authorities targeted El Makabelico as part of a broader crackdown on the CDN, which was designated a Foreign Terrorist Organization in 2025. The Treasury also sanctioned Abdon Frederico Rodríguez García, alias “Cucho,” second-in-command of the CDN, and identified additional senior members involved in cross-border drug trafficking. Prior to his arrest, El Makabelico’s music attracted over 5 million monthly listeners on Spotify and 2 million YouTube subscribers. However, his accounts were removed following the sanctions, with his content resurfacing under the alias “El Comando Exclusivo.” Del Records, the California-based label that propelled his rise, is also under scrutiny. Its founder, José Ángel del Villar, was sentenced to four years in prison for violating the US Foreign Narcotics Kingpin Designation Act via ties to the Jalisco Cartel New Generation (CJNG) and Los Cuinis. El Makabelico’s career began under the name Nectar Lima, blending regional Mexican sounds with narco-rap themes. His collaborations with figures like El Komander—a prominent bandit leader—highlighted alliances within Mexico’s cartel-linked music scene. Tracks often featured militarized imagery, praising the CDN’s command structure and glorifying organized crime’s infiltration of border culture. US sanctions underscore the role of music in cartel operations, using art as both propaganda and revenue streams. El Makabelico’s case exemplifies how authorities are targeting artists who amplify cartel narratives, aiming to disrupt financial networks while preserving the subgenre’s cultural roots.](https://i3.wp.com/insightcrime.org/wp-content/uploads/2026/06/Featured-Image-El-Makabelico-CDN-May-2026.jpg?w=1024&resize=1024,1024&ssl=1 "Mexican Narco-Rap Artist El Makabelico Sanctioned by US for Cartel Ties, Music Pulled from Mainstream Platforms[TITLE] Mexican narco-rap artist El Makabelico—born Ricardo Hernández Medrano—has become a focal point in US efforts to dismantle the Northeast Cartel (Cartel del Noreste, CDN), following Treasury sanctions and removal of his music from major streaming platforms. The sanctions, issued in August 2025, allege that 50% of his streaming revenue funded the CDN, while his concerts and performances allegedly laundered proceeds. El Makabelico rose to prominence through lyrics glorifying the CDN’s leadership, territorial dominance, and violent operations. Performing under a ski mask, he cultivated an image closely tied to the cartel, with songs like “Gunshots rang out; blows were unleashed” referencing the CDN’s enforcement wing, Hell’s Troop. His music videos and public persona often showcased luxury items, including a diamond-encrusted .38 Super pistol and high-performance firearms. US authorities targeted El Makabelico as part of a broader crackdown on the CDN, which was designated a Foreign Terrorist Organization in 2025. The Treasury also sanctioned Abdon Frederico Rodríguez García, alias “Cucho,” second-in-command of the CDN, and identified additional senior members involved in cross-border drug trafficking. Prior to his arrest, El Makabelico’s music attracted over 5 million monthly listeners on Spotify and 2 million YouTube subscribers. However, his accounts were removed following the sanctions, with his content resurfacing under the alias “El Comando Exclusivo.” Del Records, the California-based label that propelled his rise, is also under scrutiny. Its founder, José Ángel del Villar, was sentenced to four years in prison for violating the US Foreign Narcotics Kingpin Designation Act via ties to the Jalisco Cartel New Generation (CJNG) and Los Cuinis. El Makabelico’s career began under the name Nectar Lima, blending regional Mexican sounds with narco-rap themes. His collaborations with figures like El Komander—a prominent bandit leader—highlighted alliances within Mexico’s cartel-linked music scene. Tracks often featured militarized imagery, praising the CDN’s command structure and glorifying organized crime’s infiltration of border culture. US sanctions underscore the role of music in cartel operations, using art as both propaganda and revenue streams. El Makabelico’s case exemplifies how authorities are targeting artists who amplify cartel narratives, aiming to disrupt financial networks while preserving the subgenre’s cultural roots.")
