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WENDEL (MF)

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07/22 WENDEL : Materis : sale of parexgroup completed
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Wendel Sells Of Deutsch Stake, Pockets Net EUR959 Million

04/04/2012 | 01:43am US/Eastern
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French investment company Wendel (>> WENDEL) Wednesday said it sold its stake in Deutsch Group SAS to the industrial group TE Connectivity Ltd (TEL) and will pocket a net EUR959 million.

MAIN FACTS:

- After obtaining the necessary authorizations, Wendel and the Painvin family sold Deutsch to the industrial group TE Connectivity on April 3, 2012.

- The enterprise value is about $2.1 billion and Wendel's net proceeds amount to ?959 million.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com

Stocks mentioned in the article : WENDEL
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Latest news on WENDEL
07/23 WENDEL : Bureau Veritas makes a new acquisition in Brazil: Sistema PRI
07/22 WENDEL : Materis : sale of parexgroup completed
07/07 WENDEL : Wendel returns to investment grade
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05/06 WENDEL : Wendel to adjust down its stake in Saint-Gobain
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