Wendel Posts Jump in Asset Value on Saint-Gobain, Bureau Veritas
This article is for subscribers only.
Wendel, Europe’s second-largest publicly traded private-equity firm, said the value of its holdings rose 36 percent as equity markets advanced.
Wendel climbed as much as 5.8 percent in Paris trading after reporting a net asset value of 85.70 euros a share as of Nov. 23, up from 63.20 euros on Aug. 25. Cash rose to 1.94 billion euros ($2.6 billion) from 1.6 billion euros, and debt without margin calls fell by 305 million euros to 970 million euros, the Paris-based investment firm said today.