12:30 PM EDT, 09/19/2025 (MT Newswires) -- (Updates with Czechoslovak Group declines to comment in last paragraph.)

Czechoslovak Group selected Commerzbank AG, Deutsche Bank ( DB ) , Erste Group Bank AG and Morgan Stanley ( MS ) to work in junior roles on a possible initial public offering that could raise 3 billion euros ($3.53 billion) or more, Bloomberg reported Friday, citing people familiar with the matter.

The Prague-based defense firm, known as CSG, is stepping up preparations for a listing after revenue surged on demand for ammunition and combat vehicles during the war in Ukraine, the report said.

Czechoslovak Group and Erste Group Bank AG declined to comment, while Commerzbank AG, Deutsche Bank AG ( DB ), and Morgan Stanley ( MS ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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