Wendel successfully completes Bureau Veritas share placement

Wendel announced the successful placement of 30,357,140 Bureau Veritas shares, representing approximately 6.7% of its share capital, at a unit price of €27.25. This transaction is part of a three-year forward sale, pre-financed by BNP Paribas, and is accompanied by a "Call Spread" allowing Wendel to benefit from up to 15% of the future increase in the share price. This generates approximately €750 million for the company, aimed at accelerating its transition to a dual model combining proprietary investments and third-party asset management.

Wendel lowers its loan-to-value ratio to 17%, pro forma for the acquisition of Monroe Capital. The shares underlying this sale are pledged, but Wendel retains ownership and voting rights until 2028. The settlement and delivery of the shares is scheduled for March 14. This transaction demonstrates Wendel's confidence in Bureau Veritas and its LEAP|28 strategic plan.