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Left Party Leader Condemns €3,200 Profit from Rheinmetall Shares

Jan van Aken calls for an excess profits tax on arms manufacturers, criticizing war-related financial gains as unethical.

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Overview

  • Jan van Aken, leader of Germany's Left party, revealed a €3,200 profit from Rheinmetall shares purchased in 2017 for €180.
  • Van Aken retains one share to attend shareholder meetings and influence discussions on arms industry ethics.
  • He described profits from war as 'disgusting' and urged immediate implementation of a windfall tax on arms manufacturers.
  • Rheinmetall's stock price has surged since 2022, driven by increased European defense spending following the Ukraine conflict.
  • The company reported a 46% revenue growth in Q1 2025, reaching €2.3 billion, reflecting robust demand for defense products.