Brief: Wendel To Sell Preligens To Safran
24/06/2024 17:01
June 24 (Reuters) - Wendel SE MWDP.PA :
* WENDEL GROWTH TO REALIZE ITS FIRST EXIT FOLLOWING
EXCLUSIVE
DISCUSSIONS WITH SAFRAN TO ACQUIRE PRELIGENS, A LEADER IN
ARTIFICIAL INTELLIGENCE FOR AEROSPACE AND DEFENSE
* ENTERPRISE VALUE OF 220 MILLION EUROS
* REALIZATION OF TRANSACTION WOULD GENERATE NET PROCEEDS FOR
WENDEL OF C.EUR 14.6M, TRANSLATING INTO A GROSS IRR OF 28%,
SUBJECT TO ENTERING INTO A FINAL AGREEMENT
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Further company coverage: MWDP.PA
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