Investing
for the long
term

— Harper Mates, a member of the New York office, becomes Managing Director and joins the Investment and Development Committee. Harper also is an employee representative on Wendel’s Supervisory Board. With her appointment, the percentage of women on the Investment and Development Committee is 29%.

— Wendel signs up to the 10 Principles of the United Nations Global Compact, joining the 12,000 companies worldwide that are most actively committed to human rights, labor rights, environmental protection and the fight against corruption.

— Wendel signs an amendment to its €750 million undrawn syndicated loan (maturity October 2024) to include ESG performance criteria in line with its roadmap.

— Wendel joins forces with the Deconinck family to purchase shares in Tarkett and support its development. Wendel invested €222 million in equity to hold 23.4%⁽¹⁾ of the share capital. The Deconinck family retains control of the company. Wendel is represented on Tarkett’s Board of Directors and has governance rights commensurate with its minority shareholding.

(1) Rate of indirect ownership of the share capital of Tarkett SA by Wendel at December 31, 2021, net of treasury shares and pro forma for the capitalization of sums temporarily invested by Wendel in shareholder loans. Interest held via Tarkett Participation in the context of the agreement with the Deconinck family.

— Maarten Heijbroek becomes CEO of Stahl. Previously President Consumer Care at Croda International Plc in the UK, he succeeds Huub van Beijeren who is retiring after 14 years of contributing to the growth and success of Stahl.

— Announcement of the sale of Wendel’s stake in Cromology to DuluxGroup for an enterprise value of €1,262 million. This transaction generated net cash for Wendel of €896 million, i.e. €358 million more than its valuation in the NAV published before the announcement of the transaction, i.e. on June 30, 2021.

— Wendel improves its score in the Europe and World Dow Jones Sustainability Indices (DJSI). The score of 76/100 obtained in the Diversified Financials category is an increase of 5 points compared to the 2020 assessment (71/100) and places Wendel well above the average for its sector (27/100).