Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Wendel Said to Sell Remaining 14.4 Million Legrand Shares

Don't Miss Out —
Follow us on:

June 11 (Bloomberg) -- Wendel, France’s largest publicly traded investment firm, is selling the remaining 14.4 million shares it holds in Legrand SA, the firm said yesterday.

Wendel offered the shares at between 35.90 euros apiece and the market price, according to a person familiar with the matter. At that price range, the company would raise at least 517 million euros ($614 million) at the low end.

Wendel is selling the shares in an accelerated bookbuild to institutional investors, the company said in a statement. Goldman Sachs Group Inc. is managing the sale and acting as sole bookrunner.

Legrand shares fell 0.4 percent to trade at 37.12 euros at the close in Paris. Wendel shares rose 0.8 percent to 85.16 euros.

To contact the reporter on this story: Ruth David in London at rdavid9@bloomberg.net

To contact the editor responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.