Brief: Wendel, Providence To Invest In Globeducate

Wendel SE

01/07/2024 06:52

July 1 (Reuters) - Wendel SE  MWDP.PA :
    * WENDEL JOINS PROVIDENCE TO SUPPORT GLOBEDUCATE, A LEADING
INTERNATIONAL K-12 EDUCATION GROUP, THROUGH ITS NEXT PHASE OF
GROWTH
    * PROVIDENCE AND WENDEL WILL EACH OWN APPROXIMATELY 50% OF
GLOBEDUCATE
    * AS PART OF THIS TRANSACTION, WENDEL WOULD INVEST
APPROXIMATELY
EUR 625 MILLION ALONGSIDE PROVIDENCE
    * TRANSACTION IS EXPECTED TO COMPLETE IN SECOND HALF OF 2024

Source text for Workspace:  ID:nGNE2bPzsM 
Further company coverage:  MWDP.PA 

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