DUESSELDORF (dpa-AFX) - Rheinmetall AG said Monday that it is aiming to have KSPG AG, the parent company of Rheinmetall's Automotive division, listed in the Prime Standard segment of the Frankfurt Stock Exchange.

Rheinmetall said the IPO should be completed in the first half of 2012, depending on the capital markets environment. The plan is to only place shares currently held by Rheinmetall in the IPO.

Rheinmetall will initially remain majority shareholder in KSPG following the IPO, but plans to give up control in steps.

Copyright RTT News/dpa-AFX