Wendel SE (FRA:WIS)

€ 93 -0.1 (-0.11%) Market Cap: 4.00 Bil Enterprise Value: 8.24 Bil PE Ratio: 8.48 PB Ratio: 1.23 GF Score: 66/100

Wendel SE M&A Call Transcript

Apr 17, 2023 / NTS GMT

Release Date Price: €98.15 (-0.25%)

Transcript

Laurent Mignon

Wendel - Group CEO & Member of the Executive Board

Well, good evening to everybody. Thank you to join us on this call. I'm here with Jerome Michiels and we're going to go through the presentation and give you a little bit of more color about the transaction that we just announced today. And we are very pleased to announce, as you've seen the agreement that we've closed with Cobepa in order to buy, where we enter into an exclusivity period to buy the shares of Scalian.

As you remember during our session on March 17, which was the presentation of the earnings of the group, we presented also or outlined a few items of our strategy, which included the fact that we really wanted to be an active investors with the market, to invest potentially up to EUR 2 billion within the next 24 months, and that we wanted to invest in non-listed company with majority position, illustrating our will to be an active shareholders in the company we invest, because we do believe that an active shareholder in companies is how we can drive and create value in the future.

We also outlined that this

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