Wendel profits boosted by Legrand asset sale

PARIS, March 27 Thu Mar 27, 2014 3:16am EDT

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PARIS, March 27 (Reuters) - French investment group Wendel saw 2013 net income rise 51 percent to 333.7 million euros ($460 million) helped by the sale of a bloc of shares of electrical systems maker Legrand.

It also said it would propose an ordinary dividend up 5.7 percent to 1.85 euros per share.

(Reporting by Leila Abboud; Editing by Blaise Robinson)