Brief: Wendel To Sell 6.7% Of Bureau Veritas Shares
11/03/2025 16:48
March 11 (Reuters) - Wendel SE MWDP.PA: WENDEL ANNOUNCES THE ENTRY INTO A PREPAID 3-YEAR FORWARD SALE OF BUREAU VERITAS SHARES REPRESENTING 6.7% OF SHARE CAPITAL, TOGETHER WITH AN OPTION TO RETAIN PARTIAL SHARE PRICE UPSIDE, AND INCREASES ITS FINANCIAL FLEXIBILITY BY REDU WENDEL TO RETAIN 26.5% SHARE CAPITAL AND 41.2% VOTING RIGHTS IN BUREAU VERITAS FINAL TERMS OF OFFERING EXPECTED TO BE ANNOUNCED ON MARCH 12, 2025 TRANSACTIONS EXPECTED TO IMMEDIATELY GENERATE CASH PROCEEDS TO WENDEL LTV RATIO EXPECTED TO REDUCE TO 17% POST TRANSACTIONS AND MONROE CAPITAL ACQUISITION WENDEL TO RETAIN 26.5% OF SHARE CAPITAL AND 41.2% OF VOTING RIGHTS OF BUREAU VERITAS AGREES TO 180-DAY LOCKUP UNDERTAKING POST OFFERING SETTLEMENT ENTERS CALL SPREAD TRANSACTION FOR UP TO 15% STOCK PRICE APPRECIATION Source text: ID:nGNE9Yzpmh Further company coverage: MWDP.PA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))