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Wendel SE (MWDP.PA)

MWDP.PA on Paris Stock Exchange

74.35EUR
28 Oct 2020
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Latest Key Developments (Source: Significant Developments)

Wendel Announces Transfer Of Shares By Tsebo's Shareholders
Monday, 19 Oct 2020 

Oct 19 (Reuters) - WENDEL SE ::TSEBO'S SHAREHOLDERS TRANSFER THEIR SHARES TO THE INVESTMENT ARMS OF ITS SENIOR LENDERS IN A CONSENSUAL TRANSACTION.TRANSACTION WILL ALSO RESULT IN SETTLEMENT OF A GUARANTEE GRANTED IN 2017 IN CONNECTION WITH INVESTMENT BY B-BBEE PARTNERS IN TSEBO.WENDEL'S FINANCIAL STATEMENTS AND NET ASSET VALUE AS OF JUNE 30, 2020 ALREADY REFLECT THESE TRANSACTIONS.TRANSACTIONS ARE SUBJECT TO FINALIZATION OF LEGAL DOCUMENTATION AND TO SOUTH AFRICAN RESERVE BANK APPROVAL AND SHOULD BE CLOSED IN COMING MONTHS.  Full Article

IHS Towers Says It Explores Potential Registered IPO In US
Friday, 14 Aug 2020 

Aug 14 (Reuters) - WENDEL SE ::IHS SAYS IHS TOWERS EXPLORING A POTENTIAL REGISTERED IPO IN THE US.IHS SAYS ANY PROPOSED OFFERING WOULD COMMENCE AFTER COMPLETION OF CUSTOMARY U.S. SECURITIES AND EXCHANGE COMMISSION REVIEW PROCESS OF REGISTRATION STATEMENT RELATING TO PROPOSED OFFERING AND SUBJECT TO MARKET AND OTHER CONDITIONS.IHS SAYS TIMING, NUMBER OF SHARES TO BE OFFERED AND PRICE RANGE OF THE PROPOSED OFFERING HAVE NOT YET BEEN DETERMINED.  Full Article

Wendel H1 Sales Down At 3.593 Billion Euros, Dividend Of 2.8 Euros Per Share Maintained
Thursday, 30 Jul 2020 

July 30 (Reuters) - Wendel SE ::H1 SALES FELL 10.2 PERCENT TO 3.593 BILLION EUR.END-H1 NET ASSET VALUE OF EUR 138.6, UP +17.3% VERSUS MARCH 31, 2020.H1 CONSOLIDATED NET LOSS OF EUR 279.3 MILLION, GROUP SHARE LOSS OF EUR 203.7 MILLION.H1 NET INCOME FROM OPERATIONS OF EUR 83.4 MILLION, DOWN 66.9%.TOTAL LIQUIDITY AT C. EUR 2.0 BILLION AS OF JUNE 30, 2020.DIVIDEND MAINTAINED (EUR 2.8 PER SHARE), EQUAL TO LAST YEAR.WE THEREFORE INTEND TO CONTINUE TO PRIMARILY LOOK AT SHORT AND MEDIUM-TERM VALUE CREATION INITIATIVES ACROSS OUR COMPANIES WHILE KEEPING AN OPEN EYE FOR NEW OPPORTUNITIES WHICH WOULD ADD GROWTH TO OUR PORTFOLIO - CEO.  Full Article

Wendel Proposes To Pay Shareholders Dividend Of EUR 2.80 Per Share
Friday, 5 Jun 2020 

June 5 (Reuters) - Wendel SE ::REG-WENDEL PROPOSES TO PAY SHAREHOLDERS A DIVIDEND OF €2.80 PER SHARE, UNCHANGED VERSUS. 2019 / ADDITIONAL PHILANTHROPY INITIATIVES.VOLUNTARY, 25% REDUCTION IN EXECUTIVE BOARD'S FIXED 2020 COMPENSATION OVER THREE MONTHS.VOLUNTARY 25 % REDUCTION IN SUPERVISORY BOARD COMPENSATION OVER THREE MONTHS.AMOUNTS DERIVED FROM REDUCTION IN EXECUTIVE BOARD'S COMPENSATION AND SUPERVISORY BOARD'S WILL BE CONTRIBUTED TO CHARITIES.  Full Article

Wendel Withdraws 2020 Outlook
Thursday, 30 Apr 2020 

April 30 (Reuters) - WENDEL SE ::Q1 2020 CONSOLIDATED NET SALES: EUR 1,875.1 MILLION, DOWN 2.5% OVERALL AND DOWN 2.9% ORGANICALLY YEAR-ON-YEAR.NET ASSET VALUE AS OF MARCH 31, 2020: EUR 5,280 MILLION OR EUR 118.2 PER SHARE, DOWN 28.9% SINCE DECEMBER 31, 2019 (EUR 166.3 PER SHARE).WENDEL'S ANNUAL GENERAL MEETING IS POSTPONED TO JULY 2, 2020.CANCELLATION OF DIVIDEND DUE TO BE PROPOSED FOR 2019 FINANCIAL YEAR.EXPECTS VERY SIGNIFICANT IMPACT ON Q2 OF 2020, DUE TO LOCKDOWN MEASURES THAT HAVE BEEN PUT IN PLACE IN EUROPE, UNITED STATES AND LATIN AMERICA NOTABLY.OUTLOOK: 2020 TARGETS ARE NO LONGER RELEVANT.OUTLOOK: PREMATURE TO PROVIDE A FIRM VIEW ON 2020 AT THIS STAGE.  Full Article

Wendel FY Net Result Group Share Up At 399.7 Million Euros
Wednesday, 18 Mar 2020 

March 18 (Reuters) - :FY NET RESULT GROUP SHARE EUR 399.7 MILLION VERSUS EUR 45.3 MILLION YEAR AGO.END-DEC NAV PER SHARE EUR 166.3, UP + 12,8 %.PROPOSES DIVIDEND OF EUR 2.90 PER SHARE.FY CONSOLIDATED REVENUE EUR 8.56 BILLION VERSUS EUR 8.39 BILLION YEAR AGO.ON CORONAVIRUS: WE ARE CONFIDENT IN THE ABILITY OF OUR TEAMS TO FACE THESE EXTRAORDINARY TIMES.ON CORONAVIRUS: WE HAVE THE RESOURCES TO RESPOND TO MARKET SITUATIONS IN A DISCIPLINED MANNER.  Full Article

Wendel Completes 200 Million Euros Share Repurchase Programme
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Wendel SE ::WENDEL ANNOUNCES THE COMPLETION OF ITS €200 MILLION SHARE REPURCHASE PROGRAMME.  Full Article

Wendel Sells Stake In Allied Universal For Net Cash Proceeds Of 721 Million Dollars
Friday, 13 Dec 2019 

Dec 13 (Reuters) - Wendel SE ::COMPLETES SALE OF STAKE IN ALLIED UNIVERSAL® FOR NET CASH PROCEEDS OF $721M.TRANSACTION VALUES WENDEL'S NET INVESTMENT, INCLUDING REALIZED AND UNREALIZED PROCEEDS, AT APPROXIMATELY $920 MILLION.  Full Article

Wendel welcomes merger of Allied Universal and SOS Security
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Wendel ::SAYS WELCOMES ANNOUNCEMENT BY ALLIED UNIVERSAL, A LEADING SECURITY AND FACILITY SERVICES COMPANY IN NORTH AMERICA, AND SOS SECURITY, A RENOWNED PROVIDER OF SPECIALTY GLOBAL SECURITY SERVICES, OF A DEFINITIVE AGREEMENT EXECUTED WITH RESPECT TO A TRANSFORMATIONAL MERGER THAT CREATES A SECURITY LEADER IN NORTH AMERICA..JOINING OF ALLIED UNIVERSAL AND SOS SECURITY ESTABLISHES COMPANY AS A TRULY DIFFERENTIATED SERVICE PROVIDER IN GLOBAL SECURITY INDUSTRY..  Full Article

Wendel 9-Month Consolidated Sales Up At 6.4 Billion Euros
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - WENDEL SE ::REG-WENDEL: Q3 TRADING UPDATE.CONSOLIDATED SALES OF EUR 6.4 BILLION OVER NINE MONTHS, UP 2.8% OVERALL AND UP 0.9% ORGANICALLY.NEW INVESTMENT OF UP TO $590 MILLION TO ACQUIRE CRISIS PREVENTION INSTITUTE ("CPI"); CLOSING EXPECTED IN Q4 2019 OR Q1 2020.CONTINUE TO SEEK INVESTMENT OPPORTUNITIES IN A DISCIPLINED MANNER.ON LOOKOUT FOR NEW ACQUISITIONS.€960M INVESTED OR COMMITTED SINCE THE START OF 2019.€125 MILLION CAPITAL INCREASE AT CROMOLOGY IN CONJUNCTION WITH ITS DEBT RENEGOTIATION SINCE THE START OF 2019.CONFIRMED 2019 OUTLOOK.Q3 SEES FY 2019 SOLID ORGANIC REVENUE GROWTH, SUSTAINED STRONG CASH FLOW GENERATION, CONTINUED ADJUSTED OPERATING MARGIN IMPROVEMENT AT CONSTANT CURRENCY.GROSS DEBT AS OF THE END OF SEPTEMBER STOOD AT €1,651M, WITH, NET CASH POSITION OF €1,077M RESULTING IN A NET DEBT OF €574M. LTV OF 7.4%.DEBT MATURITY INCREASED TO 5.8 YEARS FOLLOWING REPAYMENT OF JULY 2019 SAINT-GOBAIN EXCHANGEABLE BOND AND BOND MATURING ON SEPTEMBER 17, 2019.  Full Article

BRIEF-Wendel Withdraws 2020 Outlook

* Q1 2020 CONSOLIDATED NET SALES: EUR 1,875.1 MILLION, DOWN 2.5% OVERALL AND DOWN 2.9% ORGANICALLY YEAR-ON-YEAR