WENDEL Wendel announces an additional investment of €31 million in the context of Constantia Flexibles' acquisitions of Afripack in South Africa and Pemara in Australia.
This investment has been realized in respect of a €50 million total capital increase by Constantia Flexibles. Wendel, the H. Turnauer Foundation and Maxburg Capital Partners, a long-term investment firm backed by the RAG Foundation participated in proportion to their respective shareholding in the Company. Prior to this capital increase, Maxburg Capital Partners finalized the purchase from Wendel of a minority stake in Constantia Flexibles for €100 million representing c. 11% of the share capital.
Following this capital increase, Wendel's total investment in Constantia Flexibles now amounts to €571 million and Wendel remains the controlling shareholder of company with 61.4% of its capital.
Financial calendar
12/3/2015
2015 Investor Day / Publication of NAV and trading update (pre-market release)
3/31/2016
2015 full-year results / Publication of NAV (pre-market release)
6/1/2016
Shareholders' Meeting / Publication of NAV and trading update (before Shareholders' Meeting)
9/8/2016
H1 2016 earnings / Publication of NAV (pre-market release)
12/1/2016
2016 Investor Day / Publication of NAV and trading update (pre-market release)
About Wendel
Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS and Constantia Flexibles. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm and Parcours in France, Nippon Oil Pump in Japan, Saham Group in Africa and CSP Technologies in the United States. Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information: http://www.wendelgroup.com:
http://www.wendelgroup.com/
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Press contacts
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24
c.angladepirzadeh@wendelgroup.com:
mailto:c.angladepirzadeh@wendelgroup.com
Caroline Decaux: +33 (0)1 42 85 91 27
c.decaux@wendelgroup.com:
mailto:c.decaux@wendelgroup.com
Analyst and investor contacts
Olivier Allot: +33 (0)1 42 85 63 73
o.allot@wendelgroup.com
Elisa Muntean: +33 (0)1 42 85 63 67
e.muntean@wendelgroup.com
http://hugin.info/143616/R/1969704/719974.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WENDEL via Globenewswire
