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Article: Wendel Investissement steps into the limelight.
- Article from:
- Financial News
- Article date:
- August 5, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Guy Paisner in Paris
Until last week few people would have heard of Wendel Investissement, a private equity holding company quoted on France's Premier Marche. But all that changed when, alongside Kohlberg Kravis Roberts (KKR), it signed an agreement to purchase 98.1% of Legrand, the electrical equipment manufacturer, from Schneider Electric.The total value of the transaction stands at [euro]4.95bn ($4.85bn) and, if it goes through, it will be continental Europe's largest ever leveraged buy-out. The deal is subject to a European Court of First Instance ruling that could still annul the European Commission's October 2001 decision to prohibit the merger of ...