BUREAU VERITAS Q3 performance slightly lower than expected
Wendel has announced the completion of the sell a minority part of its stake, just to seize other investment opportunitiesWendel reduces its stake in BV but will retain control of the group with 51.9% of voting rights
Wendel fully support BVI’s strategy and nothing to do with BVI’s results
Bureau Veritas specializes in inspecting, testing, auditing or certifying products, assets (such as buildings, industrial infrastructure, equipment and ships) and management systems (particularly against ISO standards) based on regulatory or voluntarily adopted standards. Co.'s operations can be divided into eight businesses: ship classification; industry services; inspection and verification of equipment in service; construction services; certification of management systems or services; inspection and testing of consumer products; services related to customs control and international trade services; and inspection and testing of commodities.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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