CSG Bolsters US Presence with David Jacobs as Stock Plunges 65% and EU Probes Tatra Deal
28.06.2026 - 11:25:34 | boerse-global.de
The Czechoslovak Group (CSG) is fighting battles on two fronts: a bruising share-price rout that has slashed the stock nearly 65% from its January peak, and a deepening regulatory dispute in Brussels over the ownership of key subsidiary Tatra Trucks. To complicate matters further, the company is also laying the groundwork for a major push into the US defence market.
The shares closed Friday at €12.75, clawing back a modest gain after touching a fresh yearly low of €12.20 earlier in the session. The intraday floor marks the nadir of a relentless sell-off that has wiped more than a quarter of the company’s market value in the past month alone. Technical indicators flashed a deeply oversold reading — the relative strength index slumped below 30 — but the broader trend remains grim. The stock now trades more than 23% below its 50-day moving average of €16.70.
At the centre of the Brussels storm is the investment firm STV INVEST, which is seeking to acquire a half-stake in Promet Tools. Promet Tools currently holds a 35% stake in Tatra Trucks, the vehicle manufacturer that CSG considers a core portfolio asset. CSG, as majority shareholder, has formally asked the European Commission to review the deal. Management argues that STV INVEST acts as an intermediary for foreign suppliers of military vehicles, raising the risk of sensitive defence know-how leaking to competitors. The Commission has begun collecting submissions, though no timeline for a decision has been set.
Should investors sell immediately? Or is it worth buying CSG?
While the legal battle escalates, CSG is quietly accelerating its North American ambitions. David Jacobs has just taken the reins of the group’s US operations, tasked with establishing a new Washington office. His brief covers both acquisitions and relationship-building with American federal agencies. The goal is to build a meaningful footprint in the world’s largest defence market, a strategic hedge against the turmoil in Europe and a potential source of long-term revenue growth.
The stock’s technical damage is severe. Friday’s bounce was a classic snapback from an oversold extreme, but the chart offers little comfort. The January record high now feels remote, and the 50-day line remains a distant ceiling. Near-term catalysts are scarce until August 7, when CSG is due to publish half-year results. That report will shed light on the financial toll of the US expansion and is expected to include fresh colour on the EU proceedings surrounding Tatra Trucks. For a stock that has lost nearly two-thirds of its value this year, the numbers can hardly come soon enough.
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