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Wendel (WNDLF)
- GlobeNewswire
Wendel completes the acquisition of a 51% stake in IK Partners, a major step in the deployment of its strategic expansion in third-party private asset management
Wendel completes the acquisition of a 51% stake in IK Partners, a major step in the deployment of its strategic expansion in third-party private asset management Wendel (Euronext: MF.FP), today announced the completion of the acquisition of 51% stake in IK Partners (“IK”), following regulatory approvals. As part of this initial transaction, Wendel will invest a total of 3831 million euros, or c. 12.5 times the estimated 2024 pre-tax Fee Related Earnings (“FRE”)2, to acquire 51% of IK’s shares. W
- Globe Newswire
WENDEL: Q1 2024 Trading update
Q1 2024 NAV up +11% Dynamic implementation of new strategic directions Net asset value as of March 31, 2024: €7,912 million or €178.1 per share, up +11.2% since December 31, 2023 Q1 2024 consolidated net sales: €1,848 million, up +11.7% overall and up +6.9% organically Strong organic growth of CPI (+9.7%) and Bureau Veritas (+8.0%) Strong total growth of Stahl (+9.8%), with a return to organic growth Scalian total growth of +1.3%, impacted by the slowdown in growth observed in the engineering/IT
- Globe Newswire
WENDEL: Wendel successfully completes the sale of 9% of Bureau Veritas’ share capital
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. THESE MATERIALS ARE NOT AN OFFER FOR SALE OF SECURITIES IN THE UNITED STATES. SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF
