Facilitate the access of new European companies to European financing: it is the ambition shown by the car manufacturer Porsche and the Deutsche Telekom operator, which are about to create a dedicated investment fund and seek to raise 500 million euros, according to Bloomberg.
This new background would be administered by DTCP, a former Deutsche Telekom subsidiary, says Fuentes in Bloomberg, which specifies that the size and composition of the background are not yet definitely fixed.
This is a change for Porsche, whose requirements so far excluded investments in companies only from a military nature. The German manufacturer could only invest in dual companies, that is, both present in the civil and military sector.
War in Ukraine and US Funds
The war in Ukraine, and later doubts about the commitment of the United States within NATO, made it possible to change their paradigm with respect to investments in defense companies. In the unpopular sector for ethical issues, the defense industry began to have the wind in its candles, thanks to the rearmament policies of most European countries.
However, Bloomberg points out that new European defense companies still depend mainly on US funds to develop, despite the presence of investment companies such as Lakestar, Tikehau Capital or CVC Capital Partners.
An observation also shared by large groups. Therefore, the CEO of Thales Patrice Caine explained in March during the presentation of the annual results that observed “a geographical reorientation of their participation in recent years,” as reported by BFM Boursee. This, due to European regulations that do not really encourage investments in defense companies.
Recent ads, the French side in defense investments to strengthen the French industry, as European with the “Rearmer Europe” plan presented by the president of the European Commission Ursula von der Leyen, must still be fully implemented.
Source: BFM TV
