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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime

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Wendel SA Announces Equity Investment in IHS Holding and Debt Rating Upgrade by S&P

Tuesday, 14 May 2013 01:07pm EDT 

Wendel SA announced that on April 18, 2013, Wendel invested USD 176 million in IHS Holding, more than the USD 125 million initially planned. As a result, Wendel SA now owns more than 30% of the share capital of IHS. Wendel SA also announced that on April 24, 2013, Standard & Poor's announced that it had upgraded its credit rating for Wendel from BB to BB+, with a stable outlook. This decision was motivated by the decline in Wendel's loan-to-value ratio and to the overall improvement in Wendel's risk profile. 

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17 Apr 2015