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.
- 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; email@example.com
Stocks mentioned in the article : WENDEL