Brief: French company Wendel agrees to sell Constantia Flexibles to One Rock Capital Partners

Wendel SE

31/07/2023 07:09

July 31 (Reuters) - Wendel  MWDP.PA :
    * : WENDEL SIGNS AN AGREEMENT FOR THE SALE OF CONSTANTIA
FLEXIBLES
TO ONE ROCK CAPITAL PARTNERS
    * COMPANY WOULD BE SOLD FOR A PRICE THAT YIELDS NET PROCEEDS
FOR
WENDEL OF C.EUR 1,097M
    * CLOSING OF TRANSACTION SHOULD TAKE PLACE DURING SECOND
HALF OF
2023
    * THIS COMPANY WOULD BE SOLD FOR A PRICE THAT YIELDS NET
PROCEEDS 
FOR WENDEL OF C.EUR 1,097M
    * TRANSACTION NET PROCEEDS ARE EUR 84 MILLION ABOVE
CONSTANTIA
FLEXIBLES' VALUATION IN WENDEL'S NET ASSET VALUE
    * SIGNS AN AGREEMENT FOR SALE OF CONSTANTIA FLEXIBLES TO ONE
ROCK
CAPITAL PARTNERS
    * CLOSING OF THIS SALESTRANSACTION SHOULD TAKE PLACE DURING
SECOND
HALF OF 2023
    * EXTRA PROCEEDS GENERATED BY COMPANY'S ONGOING ASSETS
DISPOSALS,
COULD BRING PROCEEDS UP TO EUR 1,124 MILLION

Source text for Eikon:  ID:nGNE9wQ8JG 
Further company coverage:  MWDP.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))