Wendel Ready to Buy Five or Six Companies, CEO Tells Investir

Wendel, France’s largest publicly traded investment firm, has almost 1.5 billion euros ($1.9 billion) in its treasury and is ready to buy five or six companies, Investir-Le Journal des Finances reported, citing an interview with Chief Executive Officer Frederic Lemoine.

Wendel is looking particularly in France, Germany and the Benelux region, Lemoine told the weekly. The CEO excluded investing in biotechnology or information-technology companies because they require particular expertise, or in industries such as casinos and tobacco that would raise ethical and image questions, Investir said.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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