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7h ago

Wyoming’s Erell LLC Surfaces as Heckler & Koch’s Indirect Majority Owner

A new Bundesanzeiger filing deepens a murky control saga despite steady progress on the Bundeswehr rifle program.

Ein Mann hält bei der Fachmesse für Sicherheitstechnologie Enforce Tac am Stand der Firma Heckler & Koch das Sturmgewehr G95 KA1 (Kaliber 5.56 x 45) in den Händen. Die Fachmesse für Angehörige von Behörden mit Sicherheitsaufgaben und der Streitkräfte findet vom 26. bis 28. Februar 2024 statt.
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Overview

  • Erell LLC of Jackson, Wyoming is listed as the new indirect majority shareholder in a German federal gazette notice, positioned above CDE in the ownership chain, according to H&K.
  • H&K said no material or personnel changes accompany the reshuffle, and key figures cited in prior disputes include banker Philippe de Lavenere Lussan and investor Nicolas Walewski of CDE.
  • The long-running ownership battle continues as former majority holder Andreas Heeschen contests past share transfers to Luxembourg-based CDE.
  • Operationally, H1 order intake rose 42.8% to €282.5 million, revenue grew 4.7% to €179.5 million, EBITDA edged down 1.1% to €29.5 million, and net profit slipped about 8% to €11.8 million.
  • Serial production of the Bundeswehr’s G95A1 has started with first batches due this year, and H&K says it hopes to deliver several thousand rifles by year-end while its lightly traded Paris-listed shares sit near €50, down about 56% year over year.