CSG shares are falling. The arms company allegedly concealed a problem before entering the stock market
A foreign investigation hit the shares of Czechoslovak Group. According to it, before going public the group failed to mention in its prospectus that its Spanish ammunition company had been temporarily excluded from tenders run by NATO’s procurement agency. Shares of the arms manufacturer Czechoslovak Group (CSG) weakened significantly during Tuesday trading after foreign media reported problems involving one of its Spanish subsidiaries within the NATO system. On the Euronext Amsterdam exchange, where the group went public this January, the stock fell by more than eight percent before recovering part of the losses.
Source seznamzpravy.cz/csg-padaji-arms-weaponry-should-hide-problem-before-entry-to-storm