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Wendel To Create Iron Wave Spin Off

RefinitivLess than 1 min read

Wendel SE MF said on Friday:

  • WENDEL GROWTH UNIT TO BECOME IRON WAVE, PENDING REGULATORY APPROVAL

  • WENDEL WILL RETAIN 30% STAKE, WITH WENDEL GROWTH FOUNDERS TO HOLD 70% STAKE

  • WE HAVE SERIOUS INTEREST FROM MAJOR INSTITUTIONAL INVESTORS THAT WILL SUPPORT THIS - CEO IN MEDIA CALL

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