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BRIEF-Wendel pursues divestment of Saint-Gobain with shares sale
June 1, 2017 / 4:51 PM / 6 months ago

BRIEF-Wendel pursues divestment of Saint-Gobain with shares sale

June 1 (Reuters) - France-based listed investment group Wendel says:

* Says will sell 20 million Saint-Gobain shares which represents about 3.6 percent share capital.

* Frédéric Lemoine, Chairman of Wendel’s Executive Board says transaction is in line with Wendel’s strategy to pursue its shift towards unlisted assets.

* Wendel says following transaction it will retain. approximately 2.5 percent in Saint-Gobain’s share capital and 4.5 percent of voting rights.

* Wendel says transaction will grant it additional financial resources to implement its investment strategy for 2017-2020.

* Wendel says BNP Paribas, Citigroup and Goldman Sachs acted as joint bookrunners of the transaction, while Goldman Sachs is sole global coordinator of transaction. Source text for Eikon: Further company coverage: (Reporting by Bate Felix; editing by John Irish)

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