Wendel finalizes sale of Stahl stake to Henkel for enterprise value of €2.1 billion

• Wendel closed the sale of its stake in Stahl, excluding Muno, to Henkel at an enterprise value of EUR 2.1 billion.
• Net proceeds to Wendel totaled about EUR 1.14 billion, net of debt and transaction costs.
• The deal delivered a 6.3x multiple on Wendel’s net investment since 2006, including EUR 427 million of prior proceeds.
• The transaction implied an annualized IRR of over 15% over 20 years.
• Proceeds were about 20% above the EUR 960 million NAV value published as of Sept. 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wendel SE published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610011145OMX_____CNEWS_EN_GNW1001275823_en) on October 01, 2026, and is solely responsible for the information contained therein.