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

Wendel SE

04/04/2024 17:16

April 4 (Reuters) - Wendel SE  MWDP.PA :
    * WENDEL: LAUNCHES SALE OF ABOUT 9% OF BUREAU VERITAS' SHARE
CAPITAL
    * WENDEL - TRANSACTION IS EXPECTED TO PROVIDE WENDEL WITH
AROUND
1.1 BILLION EUROS IN CASH
    * WENDEL: BUREAU VERITAS COMMITTED TO ACQUIRE C.0.8% OF ITS
SHARE
CAPITAL AS PART OF ANNOUNCED TRANSACTION
    * WENDEL: LAC1 FUND, MANAGED BY BPIFRANCE, ON BEHALF OF
FRENCH &
INTERNATIONAL INVESTORS, COMMITTED TO BUY ABOUT 4% OF BUREAU
VERITAS' SHARE CAPITAL
    * WENDEL: NUMBER OF DIRECTORS AT BOARD OF BUREAU VERITAS IS
TO
REMAIN AT 12 AND WENDEL WILL RETAIN 4 DIRECTORS, IN LINE WITH
CURRENT SITUATION
    * WENDEL: BPIFRANCE, AS REPRESENTATIVE OF LAC1 FUND, WILL
OBTAIN
RIGHT TO NOMINATE ONE DIRECTOR AT BOARD OF DIRECTORS OF BUREAU
VERITAS
    * WENDEL - POST COMPLETION, WENDEL TO REMAIN BUREAU VERITAS'
LARGEST & CONTROLLING SHAREHOLDER, WITH ABOUT 26% OF SHARE
CAPITAL & 41% OF VOTING RIGHTS
    * WENDEL - WENDEL HAS ENTERED INTO A LOCK-UP COMMITMENT
RELATING
TO ITS REMAINING BUREAU VERITAS SHARES
    * WENDEL: LAC1 FUND, MANAGED BY BPIFRANCE, COMMITTED TO
180-CALENDAR DAY LOCK-UP STARTING FROM SETTLEMENT OF OFFERING

Further company coverage:  BVI.PA 

 ((Reuters.Briefs@thomsonreuters.com;))