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Frankfurt / Munich (dpa) - The entry of the Italian defense company Leonardo catapulted the shares of the German defense electronics manufacturer Hensoldt to a record high on Monday.

The first Xetra price was the highlight of the day after a jump of twelve percent to 17.46 euros.

Profits melted down to six percent in the first hour of trading.

Since the "Manager Magazin" reported last Wednesday about the further sales intentions of the financial investor KKR, the Hensoldt papers have now increased by up to 23.5 percent.

For a 25.1 percent stake, the Italians KKR paid 23 euros per share, a 35 percent higher price than the federal government had put down for its blocking minority, said Commerzbank analyst Sebastian Growe.

The Leonardo entry underlined Hensoldt's fundamental attractiveness.

He is hoping for more clarity from the quarterly report at the beginning of May - including whether the Italians may have more plans.

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The Warburg expert Christian Cohrs does not expect any problems with the approval, especially since appropriate exploratory talks are likely to have already taken place.

He referred to close political ties and military cooperation, so that the question of national security should not be an obstacle.

Since going public in September 2020, the Hensoldt shares have performed brilliantly for investors.

Spent at twelve euros, the SDax newcomer can now book a book profit of up to 45 percent.

The small cap index has since climbed 35 percent.

© dpa-infocom, dpa: 210426-99-355398 / 2