Wendel will subscribe to Saint-Gobain capital increase for 8. 3 million shares

Group Wendel has completed the sale of warrants it intended to sell with the sale today of 25 million Saint-Gobain warrants to institutional investors at a price of 1.20 Euro each, through a private placement.

The placement led by CALYON and Nomura International plc, was significantly oversubscribed. Following the settlement of the capital increase of Saint-Gobain (expected to be on March 23, 2009), Wendel will hold an 18,3 % stake of the capital and 17,8% of the voting rights of Saint-Gobain. Taking into account its potential double voting rights, Wendel could hold about 29% of the voting rights in 2010. This operation has no major impact either on Wendel’s liquidity or on its financial position.

About Wendel

Wendel is one of Europe’s leading investment firms. It invests in France and internationally, in companies that are leaders in their sectors, including Bureau Veritas, Legrand, Saint-Gobain, Materis, Deutsch, Stallergènes, Oranje-Nassau and Stahl, and in which it plays a hands-on role as an operational investor. It implements long-term development strategies, which involve boosting growth and margins of its companies, in order to enhance their leading market positions Wendel posted 2008 consolidated sales of E5.4 billion. Wendel is listed in Paris on Euronext.

Press Contacts :

Anne-Lise BAPST : + 33 (0) 1 42 85 63 24 - e-mail : al.bapst@wendelgroup.com

Anne-Emmanuelle DOGNON : + 33 (0) 1 42 85 91 27 - e-mail : ae.dognon@wendelgroup.com

Analysts and Investors Contacts :

Gérard LAMY tel : + 33 (0)1 42 85 63 75 - e-mail : g.lamy@wendelgroup.com

Olivier ALLOT tel: + 33 (0) 1 42 85 63 73 - e-mail : o.allot@wendelgroup.com

600450 Wendel will subscribe to Saint-Gobain capital increase for 8. 3 million shares glassonweb.com

See more news about:

Others also read

Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.
Windows, Doors & Facades 2017: A continuing success story
The fair in Dubai is the central meeting place for worldwide manufacturers and distributors of window, door and facade products.
Providing a clear and safer vision: A new glass solution for LNG Carriers
Vetrotech Saint-Gobain, introduces THERMOVIT© PRO A0, an electrically heated glass solution with A0 fire-resistance in line with IGC International Code for Liquefied Natural Gas (LNG) Carriers.

Add new comment