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Wendel — M&A Activity 2010
Mar 24, 2010
1769_iss_2010-03-24_2f8e1698-3b77-4f38-9ed4-701df9ad24fa.pdf
M&A Activity
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WENDEL – CLARIFICATION FOLLOWING INFORMATION FROM KKR REGARDING LEGRAND.
In respect of the Legrand shareholders agreement between them, Wendel has been advised by Kohlberg Kravis Roberts & Co. (" KKR ") of its affiliate's intention to conduct an operation of partial transfer of its shares in Legrand. Wendel decided not to join this operation.
Wendel will present its annual results March 30 (before market release).
About Wendel
Wendel is one of Europe's leading listed investment firms. The Group invests in France and abroad, in companies that are leaders in their businesses: Bureau Veritas, Legrand, Saint-Gobain, Materis, Deutsch, Stallergenes, Oranje-Nassau and Stahl. Wendel plays an active role as industry shareholder. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Wendel's consolidated 2008 sales totalled € 5.4 billion. Wendel is listed on Eurolist by Euronext Paris.
Anne-Lise BAPST:+ 33 (0) 1 42 85 63 24 Laurent MARIE: + 33 (0)1 42 85 91 31 [email protected] [email protected] Christèle LION: + 33 (0) 1 42 85 91 27 Olivier ALLOT: + 33 (0) 1 42 85 63 73 [email protected] [email protected]