Wendel signed a binding offer for the sale of its headquarter building
21 June 2022 - 2:30AM
Wendel signed a binding offer for the sale of its headquarter
building
PRESS RELEASE –JUNE 20, 2022
Wendel signed a binding offer for the sale of
its headquarter building
Wendel announced today the signature of a
binding offer for the sale of its headquarter building on Taitbout
street. Generali Vie will acquire the property. The transaction
amount results in a value creation of €1.5 per share in Wendel's
NAV. The closing of this transaction is expected in the second half
of 2022.
Jérôme Michiels, Executive
Vice-President, Chief Financial Officer, Director
of the Wendel Lab said:
"We are delighted with this transaction prior to
moving into Wendel's new headquarters located on Paul Cézanne
street in the 8th district in Paris. Our new head office will be
much better suited to our business as investors and proceeds will
be reinvested towards higher earning assets.”
- Wendel_PR__Sale of Headquarter_June 2022
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