France's Wendel to acquire Monroe Capital for $1.13 billion
22/10/2024 06:48
Oct 22 (Reuters) - French investment company Wendel
MWDP.PA announced on Tuesday its acquisition of Monroe Capital
MRCC.O , with an initial investment of $1.13 billion for 75% of
the company's shares.
Wendel's asset management platform is expected to generate
about 185 million euros ($200.2 million) of pre-tax profit in
2025, the group said in a statement.
(Reporting by Alban Kacher; Editing by Clarence Fernandez)
((alban.kacher@thomsonreuters.com))