| Type | Société Anonyme |
|---|---|
| Traded as | Euronext: MF |
| Industry | Investments |
| Founded | 1704 |
| Founder(s) | Jean-Martin Wendel |
| Headquarters | Paris, France |
| Key people | Frédéric Lemoine (CEO), Ernest-Antoine Seillière (Chairman of the supervisory board) |
| Products | Industrial holdings |
| Revenue | €5.491 billion (2010)[1] |
| Operating income | €578.3 million (2010)[1] |
| Profit | €1.002 billion (2010)[1] |
| Total assets | €15.57 billion (end 2010)[1] |
| Total equity | €2.893 billion (end 2010)[1] |
| Employees | 64 (end 2010)[1] |
| Website | www.wendelgroup.com |
Wendel is a French investment company. The company is managed by Ernest-Antoine Seillière, Chairman of the Supervisory board and Frédéric Lemoine, Chairman of the Executive board.[2]
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Its main shareholders are[3]:
In 2011, Wendel is the reference shareholder of the following main companies:
As of 19 May 2011[4]:
As of 1 January 2011:
In July 2011, Wendel announced the acquisition of Mecatherm, the world leader in industrial bakery equipment[5].
In July 2011, the rating agency Standard & Poor’s revised from « stable » to « positive » Wendel’s « BB- » credit rating after the company improved its financial profile, including its « loan to value » ratio[6].
In June 2011, Wendel became reference shareholder of the Swiss technology company Exceet Group AG, via the investment structure Helikos[7].
In May 2011, Wendel and Saint-Gobain established the principles and objectives of their long-term cooperation[8].
In March 2011, Wendel bought the car rental specialist Parcours for €107m[9].
Shareholder of Stallergenes since 1993, Wendel sold its shares (46%) of the world leader in immunotherapy treatment for allergic respiratory diseases, to Ares Life Sciences in November 2010.[10]
In May 2010, Wendel became the founding sponsor of the Centre Pompidou-Metz.[11]
In June 2008, Sophie Boegner, Ernest-Antoine Seillière's cousin, denounced the conditions through which 15 Wendel managers invested in 4.7% of the company's stock in May 2007. In August 2011, the public prosecutor dismissed the case. In a sequence of dismissal, Judge Renaud Van Ruymbeke pronounced which if a leaders of Wendel completed “significant gains” in reorder of a collateral Wendel, “this actuality alone can not concede a characterization of injustice of association assets”[12]. The public prosecutor had previously closed the "misappropriation of funds and concealment" case, deeming that no penal qualification resulted from the case, given the contradictory elements transmitted by the Autorité des marchés financiers and given the results of an internal investigation.
In May 2008, Wendel sold Editis to the Spanish group Planeta.
In October 2007, the Initial Public Offering of Bureau Veritas brought 1.2 billion euros. Wendel has stayed the majority shareholder with 63%.
In September 2007, Wendel sold the totality of its 2.4% shares in Neuf Cegetel for €148M.
Wendel also became during the Autumn 2007 the first shareholder of Saint-Gobain[13], a leader in construction materials, by exceeding 15%.
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