Wendel stock completes Stahl sale for EUR 1.14 billion

Published on 10/04/2026 at 21:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wendel stock follows a EUR 1.14 billion Stahl disposal announced on October 1, 2026. First-half revenue reached EUR 3,835 million, while analysts listed an Outperform consensus.

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Wendel stock (ISIN FR0000121204) was last at EUR 77.30 on Euronext Paris on October 2, 2026 at 5:35 p.m. CEST, down 1.97 percent from the previous close. The move followed Wendel's completion of the Stahl sale to Henkel for EUR 1.14 billion in net proceeds, a transaction announced on October 1, 2026 by Globenewswire.

Stahl sale resets the portfolio

The disposal covered Wendel's stake in Stahl, excluding Muno, and valued the business at EUR 2.1 billion on an enterprise-value basis. The transaction generated 6.3 times Wendel's net investment since 2006, including EUR 427 million in earlier proceeds from Stahl's cash generation, according to Globenewswire.

The reported annualized internal rate of return exceeded 15 percent over 20 years. The sale value also stood above the EUR 960 million Stahl value included in Wendel's net asset value before the announcement on September 30, 2025, a comparison that supports the group's portfolio-rotation strategy.

Fresh figures support the cash story

Wendel's first-half 2026 figures provide the operating backdrop. Revenue reached EUR 3,835 million and net income came to EUR 69.5 million for the period ended June 30, 2026, while management confirmed a pro forma FRE target above EUR 200 million for the full year, as reported by Ideal Investor.

The capital-allocation angle is substantial: Wendel said its 2026 asset disposals totaled EUR 1.6 billion, while more than EUR 500 million was earmarked for shareholder returns. As of June 30, 2026, Wendel Investment Managers managed EUR 48.7 billion for third-party investors, with EUR 3.6 billion invested in proprietary activities after the Stahl and IHS disposals.

Analysts keep a higher valuation mark

MarketScreener's consensus page listed an Outperform rating from 6 analysts and an average target price of EUR 106.17 on September 21, 2026. The target is a consensus measure rather than a single analyst forecast, and it offers a separate valuation reference as the stock trades below EUR 80.

The next company checkpoints are dated. Wendel scheduled its third-quarter 2026 trading update for October 22, 2026 and its Investor Day for December 2, 2026, according to the October 1 release.

Wendel stock remains below EUR 80

Wendel stock was last at EUR 77.30 on Euronext Paris on October 2, 2026 at 5:35 p.m. CEST, with a 52-week range of EUR 72.35 to EUR 91.65, market capitalization of EUR 3.0 billion and volume of 81,019 shares.