PRESS RELEASE – MARCH 22, 2023 Wendel announces the successful issue of €750m of bonds exchangeable into ordinary shares of Bureau Veritas due 2026 Issue of €750 million of bonds exchangeable into Bureau Veritas’ shares at a premium of 25% above the reference share price and a coupon of 2.625%Wendel reiterates its full confidence in Bureau Veritas’ strategy Paris, on March 22, 2023 Wendel (the “Issuer”) has successfully placed bonds exchangeable for Bureau Veritas’ shares (the “Shares”) (the “Bo
PRESS RELEASE – MARCH 22, 2023 Wendel launches a circa €750m issue of bonds exchangeable into existing ordinary shares of Bureau Veritas due 2026 Issue of circa €750 million of bonds exchangeable into Bureau Veritas shares at a premium of 25% above the reference share priceWendel reiterates its full confidence in Bureau Veritas’ strategy Paris, on 22 March 2023 Wendel (the “Issuer”), owning 35.5% of Bureau Veritas’ share capital and 51.7% of its voting rights, announces its intention to issue a
French investment company Wendel said on Thursday it will build an asset management division for outside investors in a move aimed at boosting its profitability. The new venture is the first strategic decision by CEO Laurent Mignon, who recently took over the reins of the family-controlled firm after having led BPCE, France's second-biggest bank. It would add a layer of business to a company better known for its private equity investments and for being the No. 1 investor in Bureau Veritas, the French certification and verification services company.