Czech defence company CSG buys 9.5 per cent stake in MDA Space
Montreal - Czech defense company CSG has acquired a 9.5% stake in MDA Space Ltd., now holding the largest share among all Canadian shareholders. CSG plans to explore potential collaboration opportunities with MDA Space in the future. CSG Chair Michal Strnad praised MDA Space as a respected, profitable, and expanding space company with outstanding technological abilities.
The possibility of co-investing in manufacturing or assembly facilities in Europe and partnering on strategic acquisitions was highlighted by Strnad. MDA Space CEO Mike Greenley expressed appreciation for the investment, stating that CSG is a prominent European industrial group with a proven history of building top-notch defense businesses.
MDA Space shares experienced a decline of 23 cents, closing at $39.95 on the Toronto Stock Exchange.
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