French investment group Wendel sells 9% stake in Bureau Veritas for €1.1bn, retains 26.5% stake, and Lac1 fund acquires 4%.
Wendel, a French investment group, has completed the sale of a 9% stake in Bureau Veritas, a global testing, inspection, and certification company, generating €1.1bn. Wendel remains as the largest shareholder with a 26.5% stake, and Lac1 fund, managed by Bpifrance, acquired a 4% stake for €500m. Bureau Veritas repurchased 0.8% of its own capital for €100m. Wendel's transaction results in a capital gain of €800m.
April 04, 2024
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