Key Developments: Wendel SA (MWDP.PA)

MWDP.PA on Paris Stock Exchange

19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Wendel SA acquires MatthewsDaniel Ltd by Bureau Veritas in the United States
Wednesday, 3 Sep 2014 04:00am EDT 

Wendel SA:Acquires MatthewsDaniel Ltd by Bureau Veritas, enabling it to enter the loss adjusting business and strengthen its position in risk assessment.  Full Article

Wendel SA enters into exclusive talks to sell Chryso
Monday, 18 Aug 2014 02:30am EDT 

Wendel SA:Announces that it has received a firmed offer from LBO France to acquire its Chryso subsidiary in full and entered into exclusive talks to finalize the terms of the sale.Says the offer values Chryso at 290 million euros.Says the transaction could take place in the second half of 2014 once the required consultations have been held and the necessary authorizations obtained.  Full Article

Wendel SA subsidiary acquires 2,136 towers from Emirates Telecommunication Corp Ltd subsidiary in Nigeria
Thursday, 7 Aug 2014 09:00am EDT 

Wendel SA:Says that its 35 per cent subsidiary, IHS Holding Ltd, has acquired 2,136 towers in Nigeria from Etisalat Nigeria, a subsidiary of Emirates Telecommunication Corp Ltd.Says Upon the conclusion of this transaction, IHS Holding Ltd will manage over 6,540 towers in Nigeria.Says under the terms of this transaction, IHS Holding Ltd has committed to investing a further $100 million in the towers acquired, on advanced generators, efficient batteries and alternative energy solutions.Says the transaction is scheduled to be finalized later this year.  Full Article

Wendel completes sale of ParexGroup
Tuesday, 22 Jul 2014 11:45am EDT 

Wendel SA:Wendel and Materis announce that the sale of ParexGroup to funds advised by CVC, initiated on March 26 has received all the necessary approvals and is therefore completed.  Full Article

Standard and Poor's upgrades Wendel credit ratings
Monday, 7 Jul 2014 12:01pm EDT 

Wendel SA:Standard and Poor's rating agency upgrades company long-term credit rating to BBB- from BB+ with stable outlook.Short-term credit rating upgraded to A-3 from B.  Full Article

Former chairman of management board at Wendel investigated for insider trading-AFP
Thursday, 8 May 2014 08:20am EDT 

Wendel SA:Jean-Bernard Lafonta, former chairman of management board at Wendel, is under investigation for disseminating false information to markets and insider trading-AFP.Decision taken by judge following legal action initiated in 2012 by former general counsel of Wendel, Arnaud Descleves.Former Wendel director Sophie Boegner has also filed civil suit.Lafonta is accused of issuing misleading information about Wendel's financial situation.Lafonta is notably accused of publishing artificially high net asset value for Wendel (22 euros instead of 10 euros) in 2009, allowing him to sell Wendel shares at much higher price than their real value.Descleves claims that investors who bought Wendel shares at this time paid around twice as much as they should have.  Full Article

Wendel SA announces completion of sale of 4.3 pct of Saint-Gobain share capital
Wednesday, 7 May 2014 02:58am EDT 

Wendel SA:Completes the sale of 24 million shares in Saint-Gobain, amounting to approximately 4.3 per cent of the share capital, for total proceeds of approximately 1.0 billion euro.Retains a stake of approximately 12 pct in Saint-Gobain's share capital and 20 pct of its voting rights.Says Wendel's stake will stabilize at around 11.5% of total shares and 19 pct of total voting rights, given the expected upcoming dilution related to the payment of the scrip dividend and to the employee savings plan.Says it has been advised by Ondra Partners in this transaction.  Full Article

Wendel Stahl completes acquisition of Clariant Leather Services with financing support
Wednesday, 30 Apr 2014 02:51pm EDT 

Wendel SA:Confirms that acquisition of Clariant's Leather Services division by Stahl, owned in about 70 pct by Wendel, has been completed.In exchange for sale of its assets to Stahl, Clariant received 23 pct of shares of Stahl and cash payment of 74 million euros.In order to finance transaction, Stahl has put in place new financing of 295 million euros, of which about 260 million euros have been drawn, maturing in June 2019, in club deal arrangement jointly coordinated by ABN Amro Bank N.V. and Commerzbank AG.New financing used to refinance Stahl's existing credit lines, pay Clariant cash consideration and redeem partially shareholder loans for 56 million euros in cash to Wendel, for 50 million euros, and to Stahl former lenders and Stahl management team.  Full Article

Wendel increases total investment in IHS to $475 million
Wednesday, 16 Apr 2014 12:32pm EDT 

Wendel SA:Participates in second tranche of IHS capital increase by exercising all of its subscription rights, thereby investing additional $47 million.Investment in IHS thus reaches $475 million.Remains largest shareholder with more than 35 pct of IHS capital.Other existing investors took part in this additional tranche as well.  Full Article

Wendel SA proposes FY 2013 dividend and updates on disposals and acquisitions
Thursday, 27 Mar 2014 02:59am EDT 

Wendel SA:Proposes FY 2013 dividend of 1.85 euros per share.Says on its subsidiary Materis finalized sale to Astorg of entire capital of its subsidiary Materis Aluminates, holding company of Kerneos.Transaction values Kerneos at 610 million euros.Says Materis is in exclusive negotiations to sell ParexGroup to funds advised by CVC for enterprise value of 880 million euros.Says it acquired Nippon Oil Pump in Japan.  Full Article

BRIEF-Wendel cancels 2 percent of its share capital

Sept 18 - Wendel SA : * Investment firm says has cancelled 2 percent of its share capital as announced in mid-August

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