The CZ Group has officially acquired 100 percent of Colt Holding Company’s equity, LLC at $220 million. Colt Holding Company, LLC is the parent company of Colt’s Manufacturing and Colt Canada. Included in the agreement is the issuance of 1,098,620 shares of newly issues CZ Group common stock. According to Lubomír Kovařík, president and chairman of CZ Group, the merging is a beneficial step for both companies, especially in the CZ Group’s foal of leading the firearms manufacturing industry.
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