Prague-listed weaponry company Colt CZ Group SE has announced its intention to launch a dual listing on the Euronext bourse in Amsterdam.

“This marks an important step for Colt CZ as we seek shareholder approval for our proposed dual listing on Euronext Amsterdam and capital increase,” commented CEO Radek Musil in the company press release.

“The dual listing is a natural next step in further development of Colt CZ as a global leader in the sector,” Musil added, describing Colt CZ as “a leading player in the global firearm and ammunition space, operating in highly attractive end markets underpinned by secular and structural growth trends, particularly in defense and security.”

Colt CZ has been listed the Prime Market of the Prague Stock Exchange (PX) in 2020, and the company “has delivered a revenue CAGR of 34.6%,” the press release also notes, highlighting the company’s acquisition of the iconic American Colt and its branch Colt Canada as well as the storied Czech ammunition producer Sellier & Bellot.

Colt CZ is to remain PX listed, which the company described as “strategically important and an integral part of the company’s capital markets presence,” and added that “the shares are intended to be fully fungible between both exchanges”.

The company also stated that it expects to finance further acquisitions and it “may seek to execute the capital increase as early as the first half of this year, while retaining full flexibility as to timing, including the option to execute the transaction at a later stage”.

As bne IntelliNews covered, Colt CZ acquired Sellier & Bellot in May 2023 in a $703mn deal in cash issues of new shares worth $353mn from the Brazilian CBC, of which it had been part since 2009.

Last year, Colt CZ announced its revenues jumped by 50.6% year-on-year to CZK22.4bn (€0.9bn) in 2024, and the company highlighted the consolidation of the Sellier & Bellot acquisition as a “successful contribution” to the results.

In December, the Czech antitrust authority (ÚOHS) approved the purchase of the Synthesia Nitrocellulose and the energy division of Synthesia Power by Colt CZ, which is to pay CZK20.6bn for Synthesia Nitrocellulose and CZK1.4bn for Synthesia Power.

Both companies are part of the Sythesia plant in Pardubice in eastern Bohemia, which is controlled by billionaire PPF Group ex-manager Karel Pražák's Kaprain group, and which is one of the largest producers of energy nitrocellulose in Europe and North America.

Energy nitrocellulose is a crucial ingredient from small and large caliber ammunition. Colt CZ is to pay for the companies partly in cash and partly (about 40%) in emission of new shares, making Kaprain the third largest shareholder of Colt CZ, online news outlet Seznam Zprávy noted.

As bne IntelliNews reported earlier, another major Czech-headquartered defence company Czechoslovak Group's January 23 IPO on the Euronext bourse in Amsterdam became the “world’s largest defence IPO ever recorded both in terms of amount raised and market capitalisation,” according to Euronext.