Wendel Confirms Discussions with Henkel Regarding Stahl
Investment group Wendel announced on Sunday evening that it is in non-exclusive discussions with Henkel regarding a potential transaction involving its stake in Stahl. No assurance is provided regarding the outcome of these discussions.
Confirmation of Ongoing Discussions
Wendel issued a statement on January 19 confirming ongoing discussions with the German group Henkel, according to the press release. These discussions focus on a potential transaction involving Stahl, one of the companies in Wendel's portfolio. The group clarified that these discussions are not exclusive and that there is no certainty as to their conclusion. Wendel indicated that it would not make further comments on this matter and would communicate in due course if necessary. Stahl is among the eight investments that Wendel holds for its own account, alongside others such as Bureau Veritas, IHS Towers, and Tarkett.
Upcoming Financial Disclosure Schedule
Wendel also reminded of its financial disclosure schedule for the coming months. The group will publish its 2025 annual results and its revalued net asset value as of December 31, 2025, on Wednesday, February 25, after market close. The first quarter 2026 revenue and the revalued net asset value as of March 31 will be released on April 22, also after the market closes. The annual general meeting of shareholders will take place on May 21, 2026. Finally, the 2026 half-year results and the revalued net asset value as of June 30 will be published on July 29, after market close.
Wendel's Investment Strategy and Portfolio
Wendel is one of the leading listed investment companies in Europe. The group invests on its own behalf in eight leading companies in their sectors, including ACAMS, Bureau Veritas, Crisis Prevention Institute, Globeducate, IHS Towers, Scalian, Stahl, and Tarkett. Since 2023, Wendel has also been developing a private asset management platform for third parties. In this context, the group completed the acquisition of 51% of IK Partners in May 2024, 72% of Monroe Capital in March 2025, and announced the acquisition of Committed Advisors in October 2025. As of September 30, 2025, Wendel managed 46 billion euros on behalf of third-party investors, in pro forma data from the acquisition of Committed Advisors, and approximately 5.3 billion euros invested on its own behalf. The group is listed on the Eurolist of Euronext Paris and holds a BBB rating with a stable outlook from Standard & Poor's.
