Wendel (group)
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| Société Anonyme | |
| Traded as | Euronext: MF |
| Industry | Investments |
| Founded | 1704 |
| Founder | Jean-Martin Wendel |
| Headquarters | Paris, France |
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Key people
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Frédéric Lemoine (CEO), François de Wendel (Chairman of the supervisory board) |
| Products | Industrial holdings |
| Profit | €19.6 million |
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Number of employees
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66 (end 2012) |
| Website | www.wendelgroup.com |
Wendel is a French investment company. The company is managed by François de Wendel, Chairman of the Supervisory board and Frédéric Lemoine, Chairman of the Executive board.
Its main shareholders are:
Wendel is the reference shareholder of the following main companies:
In April 2014, Wendel confirmed that the acquisition of Clariant’s Leather Services division by Stahl has been completed. In exchange for the sale of its assets to Stahl, Clariant received 23% of the shares of Stahl and a cash payment of €74 million. Wendel remains the principal shareholder of Stahl, with c.70% of the group’s capital.
In April 2014, Wendel increases its total investment in IHS to $475 million.
In December 2013, Wendel realized its first investment in Japan, through Oranje Nassau Développement, with the acquisition of Nippon Oil Pump Co., Ltd. (NOP). Wendel has invested ¥3,2bn (c.€24M), subject to price adjustments, and holds 98% of the company, alongside management.
In November 2013, Wendel pursues its strategy of investment in Africa, becoming a shareholder of the pan-African group Saham, based in Morocco and majority-held by its founder and CEO, Moulay Hafid Elalamy. Wendel intends to support Saham in its future, long-term growth and development.
In July 2013, Wendel increases it investment in IHS Holding to $276 million.
In June 2013, after 11 years as reference shareholder, Wendel completes the successful sale of its remaining stake in Legrand.
In April 2013, the rating agency Standard & Poor's raised its long-term rating on Wendel from "BB" to "BB+", with stable outlook.
In October 2012, Wendel announces its first investment in Africa, continent with the economic growth among the most dynamic in the world. Wendel will become the major shareholder of IHS, main Pan-African phone tower group.
In April 2012, after obtaining the necessary authorizations, Wendel sold Deutsch to the industrial group TE Connectivity.
In March 2012, Frédéric Mitterrand, Minister of Culture, awarded Wendel with the distinction of Great Patron of Culture. This distinction acknowledges its commitment to arts and in particular to the Centre Pompidou-Metz.
In July 2011, Wendel announced the acquisition of Mecatherm, the world leader in industrial bakery equipment.
In July 2011, the rating agency Standard & Poor’s revised from "stable" to "positive." Wendel’s "BB-" credit rating after the company improved its financial profile, including its "loan to value" ratio.
In June 2011, Wendel became reference shareholder of the Swiss technology company Exceet Group AG, via the investment structure Helikos.
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Wikipedia