The company said the market environment had “clouded noticeably.”
German defense contractor Renk on late Wednesday announced it would indefinitely postpone its initial public offering on the Frankfurt Stock Exchange scheduled for the following morning.
The company said that it and its majority shareholder, investment firm Triton, are considering going public at a later date. "In the past days, the market environment has clouded noticeably," the company said in a statement, providing no further details.The company said that it and its majority shareholder, investment firm Triton, are considering going public at a later date.
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