Prague-headquartered regional machinery and weaponry conglomerate Czechoslovak Group (CSG) is offering €3.3bn in stock on the Euronext bourse in Amsterdam as part of the initial offering which lasts until January 22.

The offering is for institutional investors and could be increased to €3.8bn, the Czech Press Agency (CTK) and international media reported. Of the €3.3bn offering €750mn is allocated for new stocks and approximately €2.6bn sold by CSG's main shareholder, CSG FIN.

As bne IntelliNews covered previously, main investors Artisan Partners, Black Rock and Qatar Investment Authority have committed to €900mn already.

Joint-stock company CSG B.V. is offering the stocks at €25 per stock, and the dividends are expected to amount to 30-40% of net profit and should be paid from 2027.

As bne IntelliNews reported last month, CSG, which is also a key weaponry and ammunition producer in Slovakia, registered a rise in revenue of 82.4% y/y in the first three quarters of 2025.

CSG also registered the steepest percentage increase in arms sales revenues on the list of 100 largest arms-producing companies worldwide compiled by the Stockholm International Peace Research Institute (SIPRI).

CSG revenues rose by 193% year-on-year in 2024 to $3.6bn (€3.1bn) SIPRI highlighted, noting that “the company attributes the majority of its revenue to Ukraine”, and that CSG “benefited from the Czech Ammunition Initiative, Czech government-led project to source artillery shells for Ukraine”.