SEB Shares Surge on Purchase of German Cookware Maker WMF

  • Deal values KKR’s WMF at about $1.8 billion including debt
  • France’s SEB becomes no. 1 in professional coffee machines

SEB SA surged after agreeing to buy WMF from buyout firm KKR & Co., which will make the French company the world leader in professional coffee machines and Germany’s no. 1 in cookware.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.