European Sovereignty Monitor

Industry, investment and R&D

Czechoslovak Group raises EUR 3.8 billion in Euronext Amsterdam listing

Czech defence manufacturer Czechoslovak Group began trading on Euronext Amsterdam, raising EUR 3.8 billion, 15.2% of its share capital, at a EUR 25 billion valuation, in what Euronext described as the largest defence sector listing to date.

Verified Euronext press release, 23 January 2026

What it does not test. This does not establish how the raised capital will be allocated across CSG's production lines.

How this item counts. No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0. EUR3.8B raised via IPO; capital not earmarked to any production line. European Sovereignty Index

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