Shares of submarine-builder TKMS surged in their Frankfurt trading debut on Monday after the marine defense company was spun off from
TKMS shares opened at €60 ($69.98), before rising as high as €107. The surge gave the shipbuilder a market value of as much as €6.8 billion, above
The warship builder’s roaring debut comes amid a broader surge in defense stocks this year, as Europe races ...
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