Brief: Wendel Completes Sale Of 9% Of Bureau Veritas' Share Capital

Wendel SE

05/04/2024 06:38

April 5 (Reuters) - Wendel SE  MWDP.PA :
    * SUCCESSFULLY COMPLETES THE SALE  OF 9% OF BUREAU VERITAS’
SHARE
CAPITAL
    * WENDEL RAISES APPROXIMATELY 1.1 BILLION EUROS OF GROSS
PROCEEDS
    * WENDEL REMAINS BUREAU VERITAS' LARGEST SHAREHOLDER AND
CONTROLLING SHAREHOLDER AND REITERATES FULL CONFIDENCE IN BUREAU
VERITAS' STRATEGY
    * BPIFRANCE WILL OBTAIN THE RIGHT TO NOMINATE ONE DIRECTOR
AT THE
BOARD OF DIRECTORS OF BUREAU VERITAS, WENDEL RETAINING FOUR
DIRECTORS
    * LAC1 FUND, MANAGED BY BPIFRANCE, HAS PURCHASED 4% OF
BUREAU
VERITAS SHARE CAPITAL FOR EUR 500M AND BUREAU VERITAS HAS
REPURCHASED 0.8% OF ITS OWN CAPITAL FOR EUR 100M IN ACCELERATED
BOOKBUILDING PROCESS
    * WENDEL REMAINS BUREAU VERITAS' LARGEST SHAREHOLDER WITH A
C.
26.5% STAKE AND C. 41.2% OF VOTING RIGHTS POST TRANSACTION
    * TRANSACTION RESULTS IN A CAPITAL GAIN OF APPROXIMATELY 800
MILLION EUROS

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