Wendel (holding company)
| Wendel SE
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|---|---|
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| legal form | Societas Europaea |
| ISIN | FR0000121204 |
| founding | 2002 |
| Seat | Paris , France |
| management | Frédéric Lemoine , Chairman of the Board |
| Number of employees | 124.118 |
| sales | EUR 8.329 billion |
| Branch | Equity investments |
| Website | www.wendelgroup.com |
| As of December 31, 2017 | |
Wendel SE is a French listed investment company based in Paris . Wendel is part of the SBF 120 share index on the Paris Stock Exchange .
history
The origins of the company go back to the founder Jean-Martin Wendel , who in 1704 acquired a forge in the town of Hayingen in Northern Lorraine . In 1734 his son Charles de Wendel took over the management and expanded the company until his death in 1784. His wife Marguerite d'Hayange managed the company until it was expropriated in 1797 with the beginning of the French Revolution. In 1803 the family bought the forge back. In 1908 the shares of the Dutch Oranje-Nassau Groep were bought by Friedrich Honigmann .
A year after the first oil crisis in 1973, the French government decided to nationalize the national steel industry. The group had to restructure and merged all other business areas in a new company called Compagnie Générale d'Industrie et de Participations (CGIP) under the direction of Ernest-Antoine Seillière . During this time, the group's steel mills produced more than 70 percent of French steel production.
With the merger of CGIP and Marine-Wendel in 2002, the current company was created.
Corporate governance
- François de Wendel, Chairman of the Supervisory Board
- Frédéric Lemoine , Chairman of the Board
Participations and structure
Shareholders
The main shareholders are:
- Wendel Participations: 36.4%, a family holding company of around a thousand people from the Wendel, Seillière de Laborde, Missoffe, Panafieu, Mitry, Rohan, La Rochefoucauld families ...
- Private shareholders: 22.6%
- Institutional investors: 33.0%
Holdings
Wendel holds shares in the following companies:
- Allied Universal, 33.0%, US security services company
- Bureau Veritas : 40.6%, the world's second largest inspection, classification and certification company in the areas of quality, health, environment and social responsibility (QHSE)
- Constantia Flexibles : 60.6%, manufacturer of flexible packaging
- Cromology : 89.8%, construction chemicals manufacturer
- IHS : 21.3%, largest independent cellular infrastructure provider in Africa
- Mecatherm : 98.1%, manufacturer of equipment for industrial bakeries
- Nippon Oil Pump : 98.5%, pump manufacturer
- PlaYce, 40.0%, operator of shopping centers in Africa
- Saham: 13.3%, insurance, offshoring, healthcare, real estate
- Saint-Gobain : 2.6%, building materials dealer and manufacturer of building materials
- Steel : 62.6%, supplier of high-quality coatings and products for leather finishing
- Tsebo, 64.7%, facility management company with a focus on Africa
In June 2008 the company sold its stake in Editis, in the publishing and music business, to the Spanish publisher Planeta. In April 2012, Wendel and the Painvin family sold their stake in the Deutsch Gruppe, an international specialist in high-performance connectors, to TE Connectivity. In June 2013, after eleven years as a reference shareholder, Wendel successfully completed the sale of his shares in Legrand .
Since 2009, the year Frédéric Lemoine led the company, Germany, Austria and Switzerland have been Wendel's priority countries for further investments. In January 2010, Wendel sponsored the IPO of Helikos in Frankfurt, a so-called Special Purpose Acquisition Company , which invested in the Exceet Group , a technology company specializing in electronics and security technology, in July 2011 . Thus, after the takeover of Exceet, Wendel holds 28.4% of the capital of Helikos, which was renamed the Exceet Group. The stake in Exceet has meanwhile been sold.
Web links
- Wendel website (English, French)
Individual evidence
- ↑ a b c Wendel Registration Document 2017 , accessed on September 21, 2018
- ^ The Wendel Company Three Hundred Years of Industry in Lorraine (1704–2004) . Musée d'Orsay , accessed January 12, 2017.
- ↑ Information according to the company's website, as of June 2015.
- ↑ Wendel completes the successful sale of its remaining stake in Legrand ( Memento from January 27, 2016 in the Internet Archive ), June 11, 2013