German government in talks to buy 50% of KNDS, source says

MUNICH, Oct 14 (Reuters) - The German government is in talks to acquire a 50% stake in Franco-German tank maker KNDS from the German owner families, a person familiar with the matter.

Plans for a KNDS initial public offering have been put on hold for now, according to the person, who spoke on condition of anonymity because the discussions are private.

German business daily Handelsblatt first reported the news on Wednesday.

(Reporting by Alexander Hübner, writing by Thomas Seythal, editing by Sabine Wollrab and Matthias Williams)