26 Apr 2021 (Last Updated April 27th, 2021 03:48) Italian aerospace firm Leonardo has agreed to buy a 25.1% stake in Germany-based defence technology company Hensoldt. Share Article Italian aerospace firm Leonardo has agreed to buy a 25.1% stake in Germany-based defence technology company Hensoldt. The transaction has been agreed for a cash purchase price of around €606m ($733m). The agreement has been signed with Square Lux Holding II, a portfolio company controlled by funds advised by KKR. If the transaction is executed, Leonardo will become Hensoldt’s largest shareholder, alongside Kreditanstalt für Wiederaufbau (KfW). Last month, KfW, which is 80% owned by the Federal Republic of Germany, agreed to purchase a 25.1% stake in Hensoldt.