Bureau Veritas: buys back 0.8% of its share capital as part of Wendel’s accelerated placement
05 Aprile 2024 - 7:35AM
Bureau Veritas: buys back 0.8% of its share capital as part of
Wendel’s accelerated placement
PRESS RELEASE
Neuilly-sur-Seine, France – April 5, 2024
Bureau Veritas buys back 0.8% of its
share capital as part of Wendel’s accelerated
placement
Bureau Veritas, a
global leader in the Testing, Inspection and Certification (TIC)
industry, announces that it has bought back c. 3.69
million of its own shares (circa 0.8% of its share capital) for an
aggregate amount of c. 100 million euros as part of the accelerated
bookbuilding process completed by Wendel, by which Wendel has sold
a total of 40.5 million Bureau Veritas’ shares representing
approximately 9% of the share capital.
After the completion of this transaction, Wendel
remains Bureau Veritas’ largest shareholder with c. 26.5% of the
share capital and c. 41.2% of the voting rights.
In accordance with the purpose of the share
buyback program approved by the Annual General Meeting, the shares
bought back will be used for cancellation purposes and for any
other purposes authorized by the Company’s shareholders at the
Annual General Meeting of June 22, 2023.
Lac1, managed by Bpifrance, acquired a 4% stake
in the Company’s share capital as part of the disposal transaction
initiated by Wendel and, as a result, becomes a new cornerstone
investor.
The Company has entered into an agreement on 4
April 2024 with Lac1, managed by Bpifrance, pursuant to which it
will be agreed that following Lac1’s acquisition of a stake in the
Company, the Board of Directors will propose the appointment of
Bpifrance as an independent director at the Board of Directors of
Bureau Veritas in compliance with the parity rules or, if such an
appointment cannot be made immediately, as an observer.
About Bureau VeritasBureau
Veritas is a world leader in inspection, certification, and
laboratory testing services with a powerful purpose: to shape a
world of trust by ensuring responsible progress.With a vision to be
the preferred partner for customers’ excellence and sustainability,
the company innovates to help them navigate change.Created in 1828,
Bureau Veritas’ 83,000 employees deliver services in 140 countries.
The company’s technical experts support customers to address
challenges in quality, health and safety, environmental protection,
and sustainability.Bureau Veritas is listed on Euronext Paris and
belongs to the CAC 40 ESG, CAC Next 20, SBF 120 indices and is part
of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348,
stock symbol: BVI.For more information, visit
www.bureauveritas.com, and follow us on X/Twitter (@bureauveritas)
and LinkedIn.
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ANALYST/INVESTOR CONTACTS |
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MEDIA CONTACTS |
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Laurent Brunelle |
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Anette Rey |
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+33 (0)1 55 24 76 09 |
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+33 (0) 6 69 79 84 88 |
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laurent.brunelle@bureauveritas.com |
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anette.rey@bureauveritas.com |
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Colin Verbrugghe |
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+33 (0)1 55 24 77 80 |
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colin.verbrugghe@bureauveritas.com |
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Karine Ansart+33 (0)1 55 24 76
19karine.ansart@bureauveritas.com |
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- Bureau Veritas_Press release buyback_ENG_05.04.2024 VDEF
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