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Wendel SE (MWDP.PA)

MWDP.PA on Paris Stock Exchange

124.00EUR
14 Oct 2019
Change (% chg)

€-0.30 (-0.24%)
Prev Close
€124.30
Open
€123.90
Day's High
€124.10
Day's Low
€122.70
Volume
2,168
Avg. Vol
56,257
52-wk High
€128.70
52-wk Low
€99.00

Latest Key Developments (Source: Significant Developments)

Wendel, Shareholders To Sell Additional Stake In Allied Universal For $650 Mln
Thursday, 19 Sep 2019 

Sept 19 (Reuters) - WENDEL SE ::ANNOUNCED ON WEDNESDAY THAT THE COMPANY AND EXISTING SHAREHOLDERS ARE TO SELL ADDITIONAL STAKE IN ALLIED UNIVERSAL.WENDEL, CAISSE DE DEPOT ET PLACEMENT DU QUEBEC (CDPQ), OTHER EXISTING SHAREHOLDERS REACHED AGREEMENT TO SELL ADDITIONAL STAKE IN ALLIED UNIVERSAL TO NEW INVESTMENT GROUP LED BY WARBURG PINCUS (WP), AND AFFILIATE OF J. SAFRA GROUP.TRANSACTION VALUES WENDEL'S TOTAL STAKE AT ABOUT $900 MLN .AT CLOSE, WENDEL WILL RECEIVE OVER 70% OF THE VALUE IN CASH.TOTAL CASH PROCEEDS OF APPROXIMATELY $650 MILLION .COMPANY WILL RETAIN ABOUT 8% RESIDUAL EQUITY STAKE IN ALLIED UNIVERSAL.WENDEL AGREED TO LIMITED GOVERNANCE AND LIQUIDITY RIGHTS COMMENSURATE WITH SMALL SIZE OF ITS REMAINING OWNERSHIP.WENDEL WILL SELL ADDITIONAL SHARES TO EXTENT WARBURG PINCUS INVESTMENT GROUP RAISES ADDITIONAL CAPITAL.TRANSACTION IS EXPECTED TO CLOSE BY END OF 2019.  Full Article

Wendel Says Bernard Gautier To Step Down As Group Deputy CEO
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - WENDEL SE ::ANNOUNCED ON TUESDAY BERNARD GAUTIER LEAVES THE GROUP AS GROUP DEPUTY CEO.THE NEW COMPOSITION OF THE WENDEL EXECUTIVE BOARD WILL BE PUBLISHED ON SEPTEMBER 11 .  Full Article

Wendel End-June NAV Per Share Of EUR 165.4
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Wendel SE ::H1 CONSOLIDATED REVENUE EUR 4.26‍​ BILLION VERSUS EUR 4.15 BILLION YEAR AGO.NAV AT END-JUNE EUR ‍​7.47 BILLION, I.E. EUR 165.4 PER SHARE, UP 12.2 PERCENT FROM END DEC 2018.  Full Article

Wendel Successfully Placed A 300 Million Euros Bond Issue
Tuesday, 23 Apr 2019 

April 23 (Reuters) - WENDEL SE ::REG-WENDEL: SUCCESSFUL ISSUE OF €300 MILLION 7-YEAR BOND ISSUE BEARING INTEREST AT 1.375%.MATURING IN APRIL 2026 AND BEARING INTEREST AT 1.375%..WILL EXERCISE MAKE-WHOLE REDEMPTION OPTION ON BONDS MATURING IN APRIL 2020 AND JANUARY 2021 IN ORDER TO EXTEND ITS DEBT MATURITIES.7 TIMES OVERSUBSCRIBED.TRANSACTIONS WILL ENABLE WENDEL TO EXTEND ITS DEBT MATURITIES TO 4.4 YEARS WHILE ALSO REDUCING ITS GROSS DEBT TO EUR 2,312 MILLION.REDEMPTION IS SUBJECT TO SUCCESSFUL COMPLETION OF 2026 BOND ISSUE.  Full Article

Wendel: Effective Start Of Wendel's EUR 200 Million Share Repurchase
Wednesday, 17 Apr 2019 

April 17 (Reuters) - WENDEL SE ::REG-WENDEL : EFFECTIVE START OF WENDEL'S €200 MILLION SHARE REPURCHASE.ON APRIL 23, 2019, WENDEL WILL MAKE A EUR 200 MILLION PAYMENT TO GOLDMAN SACHS AND WILL RECEIVE 1,169,399 OF ITS OWN ORDINARY SHARES DELIVERED BY GOLDMAN SACHS.  Full Article

Wendel announces that Allied Universal Acquires Securadyne Systems
Monday, 8 Apr 2019 

April 8 (Reuters) - WENDEL SE ::REG-WENDEL: ALLIED UNIVERSAL ACQUIRES SECURADYNE SYSTEMS TO OFFER HIGHLY ADVANCED TECHNOLOGY SOLUTIONS AND SYSTEMS INTEGRATION CAPABILITIES.DEAL EXPECTED TO CLOSE ON APRIL 15, 2019.  Full Article

Wendel FY Consolidated Net Income Group Share Down At 45.3 Million Euros
Thursday, 21 Mar 2019 

March 21 (Reuters) - WENDEL SE ::FY CONSOLIDATED REVENUE EUR 8.39 BILLION VERSUS EUR 8.08 BILLION YEAR AGO.FY CONSOLIDATED NET INCOME GROUP SHARE EUR 45.3‍​ MILLION VERSUS EUR 200.0 MILLION YEAR AGO.END-DEC NAV PER SHARE EUR 147.4, UP 1.6% FROM NOV 16.CONFIRMS STRATEGIC ORIENTATION FOR 2017-2020.PROPOSES DIVIDEND OF EUR 2.80 PER SHARE.ANNOUNCES SHARE BUY-BACK OF EUR 200 MILLION (C. 4% OF CAPITAL) TO BE LAUNCHED IN Q2.END-DEC LTV RATIO 6.1%.ABOUT EUR 480 MILLION OF ADDITIONAL PROCEEDS FROM DISPOSALS SINCE JAN 1, 2019.RECORDS APPROX. EUR 1 BILLION PROCEEDS FROM DISPOSALS IN 2018.  Full Article

Allied Universal To Receive Major Investment From CDPQ
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - Allied Universal::ALLIED UNIVERSAL TO RECEIVE MAJOR INVESTMENT FROM CDPQ.  Full Article

Wendel To Sell Large Stake In Allied Universal
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - Wendel SE ::REG-WENDEL : WENDEL TO SELL LARGE STAKE IN ALLIED UNIVERSAL.SAYS ENTERED INTO AN AGREEMENT TO SELL APPROXIMATELY 40% OF ITS EQUITY STAKE, ALONG WITH OTHER EXISTING SHAREHOLDERS, IN ALLIED UNIVERSAL.PRO FORMA FOR TRANSACTION, CDPQ WILL BECOME LARGEST SHAREHOLDER IN ALLIED UNIVERSAL.IS EXPECTED TO RECEIVE APPROXIMATELY $350 MILLION IN CASH PROCEEDS AS PART OF TRANSACTION.SE - HAS ENTERED INTO AN AGREEMENT TO SELL APPROXIMATELY 40% OF ITS EQUITY STAKE IN ALLIED UNIVERSAL AT AN ENTERPRISE VALUE OF MORE THAN $7 BILLION.SAYS FOLLOWING TRANSACTION, WENDEL WILL RETAIN AN APPROXIMATELY 18% OWNERSHIP STAKE IN ALLIED UNIVERSAL.ALLIED UNIVERSAL HAS ENTERED INTO AGREEMENT WHEREBY CDPQ WILL PROVIDE UP TO ABOUT $400 MILLION TO SUPPORT CO'S GROWTH STRATEGY & ACQUISITION PLANS.TRANSACTION IS EXPECTED TO CLOSE IN Q3 OF 2019 SUBJECT TO CUSTOMARY CLOSING CONDITIONS.  Full Article

Wendel Acquires 4.8 Pct Of Stahl's Capital From Clariant
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - WENDEL ::REG-WENDEL STRENGTHENS ITS POSITION IN STAHL BY ACQUIRING 4.8% OF THE CAPITAL FROM CLARIANT FOR €50 MILLION.FOLLOWING THIS DEAL, WENDEL INCREASES ITS OWNERSHIP IN STAHL TO C. 67%.TRANSACTION CONTRIBUTES POSITIVELY TO WENDEL'S VALUE CREATION.  Full Article