German defense manufacturer Rheinmetall said on Wednesday it has initiated the sale of its civil business activities and will classify them as discontinued operations with immediate effect.
The company said the sale, which includes its Power Systems division, is part of a strategy to focus the group’s activities on its core military operations.
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Rheinmetall added it will book a non-cash impairment charge of about 350 millio… [788 chars]
Source: Reuters | Published: 2025-12-17T20:11:38Z
Credit: Reuters
