Colt CZ Group

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Colt CZ Group SE (formerly Česká zbrojovka Group - CZG) is a holding company for the Czech firearms and related industries based in Prague, Czech Republic.[4] Its principal firearms brands are Česká zbrojovka (CZUB), CZ-USA and Colt.

In June 2020, the holding company listed its shares on the Prague Stock Exchange with a view of funding an expansion in the United States.[5] The first trading took place in September of the same year.[6][7]

On 11 February 2021 the company announced the acquisition of the Colt Holding Company, (the parent company to the Colt's Manufacturing Company) for $220 million, enabling further expansion into the U.S. market.[8][9] Česká zbrojovka Group completed the purchase on 24 May 2021 and renamed itself Colt CZ Group SE on 12 April 2022.[10][11]

The company's dividend policy estimates the level of an payout to the shareholders at a third of the company's net profit. In 2020 this constituted a payment of CZK 7.50 per single share, considerably increasing to CZK 25 per s/s in 2021.[12]

References

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External links


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Czech Republic

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