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BRIEF-Wendel announces completion of the sale of 3.6 pct of Saint-Gobain's share capital
June 2, 2017 / 6:37 AM / 6 months ago

BRIEF-Wendel announces completion of the sale of 3.6 pct of Saint-Gobain's share capital

June 2 (Reuters) - WENDEL:

* REG-WENDEL: WENDEL ANNOUNCES THE COMPLETION OF THE SALE OF 3.6% OF SAINT-GOBAIN‘S SHARE CAPITAL

* SALE OF 20 MILLION SAINT-GOBAIN SHARES, I.E. 3.6 % OF SAINT-GOBAIN‘S SHARE CAPITAL

* COMPLETED SALE OF 20 MILLION SAINT-GOBAIN SHARES, I.E. 3.6% OF SHARE CAPITAL, REPRESENTING A TOTAL AMOUNT OF APPROXIMATELY EUR 1 BILLION.

* WENDEL NOW OWNS A STAKE OF APPROXIMATELY 2.5% IN SAINT-GOBAIN‘S SHARE CAPITAL AND APPROXIMATELY 4.5% OF ITS VOTING RIGHTS

* THIS SALE AND 0.3% OF SHARE CAPITAL SOLD ON MARKET SINCE MAY 19, 2017, AT AN AVERAGE PRICE OF EUR 50.113 PER SHARE, REPRESENTED A TOTAL CASH INFLOW OF EUR 1.085 BILLION FOR WENDEL Source text for Eikon: Further company coverage: (Gdynia Newsroom:)

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