Report
Eya Drira ...
  • Geoffroy Michalet

ODDO : Une cession d'actions Bureau Veritas par Wendel bénéficierait à tous...

Le lock-up de Wendel sur ses titres BVI expire le 6 octobre. Une cession d’actions BVI serait bénéfique à tous, selon nous : i/ pour BVI (Surperformance, OC 33 €), il augmenterait le flottant et la liquidité pour se rapprocher du CAC 40 (2025e) ; ii/ pour Wendel (Surperformance, OC relevé à 110 € vs 100 €), il lui donnerait les moyens de ses ambitions (AM pour tiers, mais aussi investissement direct et soutien M&A au portefeuille) et iii/ pour Wendel-Participations, il permettrai...
Underlyings
Bureau Veritas SA

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.

Wendel SE

Wendel is an investment company specializing in acquiring long-term holdings in industrial and services companies. Co.'s activities can be divided into six main divisions. Through Bureau Veritas, Co. provides conformity assessment services and certification. Through Stahl, Co. is engaged in high performance coatings and leather finishing products. Through Saint-Gobain, Co. manufactures, transforms and distributes construction materials. Through Legrand, Co. specializes in electrical and digital building infrastructures. Through Deutsch, Co. provides high-performance connectors. Through Materis, Co. provides specialty chemicals for construction.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Eya Drira

Geoffroy Michalet

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch