CSG to launch Azerbaijan defence venture worth 'hundreds of millions of euros'

CSG NV

27/04/2026 11:14

April 27 (Reuters) - Czech defence group CSG  CSG.AS said on Monday it would set up a joint venture between its Azerbaijani subsidiary and a local partner to service armoured vehicles and other land-based military equipment in the country.

The programme is valued in the "hundreds of millions of euros" and is intended as a long-term investment lasting at least 10 years, the company said in a statement.

(Reporting by Jakob Van Calster, editing by Milla Nissi-Prussak)

((jakob.vancalster@thomsonreuters.com))