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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Wendel    MF   FR0000121204

WENDEL (MF)

Delayed Quote. Delayed  - 06/24 05:35:15 pm
94.44 EUR   -5.09%
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Wendel Sells Of Deutsch Stake, Pockets Net EUR959 Million

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04/04/2012 | 07:43am CEST

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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