Overview

• The Federal Court of Justice dismissed an appeal by former majority shareholder Andreas Heeschen, solidifying CDE's control with over 80% of voting rights.
• The dispute stemmed from Heeschen's claim to voting rights on shares he had previously pledged to CDE, creating prolonged legal uncertainty.
• The ruling upholds a prior decision by the Frankfurt Higher Regional Court, providing legal clarity for the company’s governance structure.
• Heckler & Koch's management stated that the resolution ensures the stability needed for the company's long-term development.
• The company, Germany's largest small arms manufacturer and a key supplier to the Bundeswehr, has seen increased demand since the start of the Ukraine conflict.