Report
Geoffroy Michalet

Wendel : Second new investment of the François-Poncet era: Tarkett, in partnership with the Deconinck family. Recommendation and target price unchanged

>Investment in listed company Tarkett with the Deconinck family, a ticket of around € 300m - On Friday evening, Wendel announced with the Deconinck family group (currently a shareholder in Tarkett with just over 50%) an investment in the Tarkett group via the launch of a takeover bid (this Monday) at a price of € 20. The takeover is being carried out via Tarkett Participation, Tarkett’s ad hoc holding company, in which Wendel will acquire a stake of up to 30%. Given t...
Underlying
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
Geoffroy Michalet

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