Following the receipt of the necessary regulatory approvals, Wendel announced that it has finalized the sale of its stake in Saham Group. This transaction generated a net cash position of $ 155 million for Wendel.
Remember that five years ago, Wendel had invested 100 million euros in the insurer. In five years, the capital gain generated is approaching 50 million euros.
Wendel also has a right to 13.3% of capital gains realized in the event of the sale by Saham of the other activities of the Group (Customer Relationship Centers, Real Estate, Health and Education) during the next 24 months, at higher valuations. at certain predefined thresholds.
Wendel is one of the largest listed investment companies in Europe. It invests in Europe, North America and Africa, in leading companies in their sector: Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal in which it plays an active role of majority shareholder or first order. It implements long-term development strategies that enhance growth and profitability of companies to increase their leadership positions.
Through Oranje-Nassau Développement, which brings together opportunities for growth, diversification and innovation investments, Wendel is also invested in Nippon Oil Pump in Japan and in PlaYce and Tsebo in Africa.
