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

WENDEL (MF)

Real-time Quote. Real-time Tradegate - 02/09 04:02:22 pm
79.854 EUR   -2.97%
04:15a WENDEL : Stahl and CSR Netherlands partner up to achieve a 100% circ..
02/08 WENDEL : New independent agents and distributors appointed in Finlan..
02/04 WENDEL : Investing in new capacity in Spain - 193.95 Ko - PDF
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Wendel Sells Of Deutsch Stake, Pockets Net EUR959 Million

04/04/2012 | 01:43am US/Eastern

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

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