« previous next »
Pages: [1]   Go Down

Author Topic: Colt CZ acquires 70% of Fiocchi Munizioni  (Read 1210 times)

0 Members and 2 Guests are viewing this topic.

Offline Psyop96

  • Hero Member
  • *****
  • Posts: 2691
Colt CZ acquires 70% of Fiocchi Munizioni
« on: November 27, 2022, 02:52:52 PM »
Haven’t seen this in the US news. It happened on Thanksgiving Day. Supposedly the largest deal ever in the Czech armaments industry. Colt was bought for $220 million. The Fiocchi family and an investment group are the minority shareholders.

Edited to emphasize it is not Colt CZ as written in the title but another Czech company.

https://www.lidovky.cz/byznys/zbrojarsky-prumysl-czechoslovak-group-fiocchi-munizioni-akvizice-nakup-podil-70-procent.A221124_110953_ln_ekonomika_hma


Sent from my iPad using Tapatalk
« Last Edit: November 27, 2022, 07:54:16 PM by Psyop96 »
Logged

Offline alp3367

  • Full Member
  • ***
  • Posts: 447
Re: Colt CZ acquires 70% of Fiocchi Munizioni
« Reply #1 on: November 27, 2022, 07:19:36 PM »
 That's not Colt CZ. "CZ" is not uncommon in Czech based company names.
Logged

Offline Psyop96

  • Hero Member
  • *****
  • Posts: 2691
Colt CZ acquires 70% of Fiocchi Munizioni
« Reply #2 on: November 27, 2022, 07:50:39 PM »
You are correct, it is not the Colt CZ group. An acquaintance sent me the link on the phone while I was traveling and I just read it in a hurry on the small screen. It is a different company, CSG Czechoslovak Group, that is headquartered in Prague.


Sent from my iPad using Tapatalk
« Last Edit: November 27, 2022, 08:00:48 PM by Psyop96 »
Logged

Offline pcar157

  • Full Member
  • ***
  • Posts: 166
Re: Colt CZ acquires 70% of Fiocchi Munizioni
« Reply #3 on: November 28, 2022, 06:09:02 PM »
It's all about the $$$$$!
Logged
Pages: [1]   Go Up
« previous next »