April 3, 2012
Wendel sells Deutsch to TE Connectivity
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
Wendel is one of Europe's leading listed investment
firms. The Group invests in France and abroad, in companies
that are leaders in their businesses: Bureau Veritas,
Legrand, Saint-Gobain, Materis and Stahl. Wendel plays an
active role as industry shareholder in these companies. It
implements long-term development strategies, which involve
boosting growth and margins of companies so as to enhance
their leading market positions. Through Oranje-Nassau
Développement, which brings together opportunities for
investment in growth, diversification and innovation, Wendel
also invests in Van Gansewinkel Groep in the Netherlands,
exceet in Germany, and Mecatherm and Parcours in France.
Press contacts Analyst/Investor contacts
Wendel is listed on Eurolist by Euronext Paris and is
included in the Next 20 index.
Standard & Poor's rating: Long term: BB-, negative
outlook - Short term: B since October 10, 2011.
Wendel is the founding sponsor of the Centre Pompidou-Metz,
which on September 23, 2011, welcomed about 1.2 million
visitors since opening its doors in May 2010.
As a result of its commitment for a long time in the field of
Culture, Wendel received the title of Major Partner of the
Ministry of Culture on March, 23th 2012.
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