Top Qs
Timeline
Chat
Perspective
Colt CZ Group
Czech holding company From Wikipedia, the free encyclopedia
Remove ads
Colt CZ Group SE (formerly Česká zbrojovka Group – CZG) is a Czech firearms and related industries holding company, based in Prague.[4] Its principal firearms brands are Česká zbrojovka, CZ-USA, and Colt.
 | This article reads like a press release or a news article and may be largely based on routine coverage. (October 2024) |
Remove ads
History
Summarize
Perspective
In June 2020, the holding company listed its shares on the Prague Stock Exchange, hoping to fund an expansion into the United States.[5] The first trading took place in September of the same year.[6][7]
On 11 February 2021 the company announced the acquisition of the Colt Holding Company (the parent company to Colt's Manufacturing Company) for $220 million, enabling further expansion into the U.S. market.[8][9] Česká zbrojovka Group completed the purchase on 24 May 2021 and renamed itself Colt CZ Group SE on 12 April 2022.[10][11]
The company's dividend policy estimates the level of shareholder payout as a third of the company's net profit. In 2020 this constituted a payment of CZK 7.50 per single share, increasing to CZK 25 per s/s in 2021.[12]
On December 18, 2023 CZ Group SE announced it had reached an agreement with Companhia Brasileira de Cartuchos (CBC Europe) to purchase 100% interest in Sellier & Bellot.[13]
On January 3, 2024, Colt CZ Group acquired ownership of the Mk 47 Striker 40mm Advanced Lightweight Grenade Launcher system from General Dynamics Ordnance and Tactical Systems (GD-OTS).[14]
On July 16, 2024, the Governments of Ukraine and the Czech Republic signed two agreements on the joint production of weapons. Česká zbrojovka will supply Ukraine with all the parts from which the CZ BREN 2 rifles are assembled.[15][16]
Remove ads
See also
- Colt Canada - Canadian arm of Colt acquired as Diemaco (founded in 1974) in 2000.
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads