Wendel stock gets EUR 1.14 billion from Stahl sale

Published on 10/05/2026 at 15:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Stahl transaction generated EUR 1.14 billion for Wendel on October 1, 2026. Wendel stock traded at EUR 77.70 on October 5 as analysts set a EUR 105.46 consensus target.

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Wendel stock (ISIN FR0000121204) was trading at EUR 77.70 on Euronext Paris on October 5, 2026 at 12:28 p.m. CEST, up 0.52 percent from the prior close of EUR 77.30. The main company event is the completed Stahl disposal, which delivered EUR 1.14 billion in net proceeds to Wendel.

Stahl sale delivers EUR 1.14 billion

According to Globenewswire on October 1, 2026, Wendel completed the sale of its stake in Stahl to Henkel at an enterprise value of EUR 2.1 billion. Net proceeds reached EUR 1.14 billion after debt and transaction costs.

The sale generated an annualized internal rate of return above 15 percent over 20 years and represented 6.3 times Wendel's net investment in Stahl since 2006. The proceeds also exceeded the EUR 960 million Stahl valuation included in Wendel's net asset value as of September 30, 2025.

Fresh figures shape the next phase

For the first half of 2026, Wendel reported revenue of EUR 3.835 billion and net income of EUR 69.5 million, while its full-year objective for pro forma FRE remained above EUR 200 million, according to Ideal Investisseur.

The portfolio rotation is substantial. Wendel said its 2026 asset disposals totaled EUR 1.6 billion, while the group planned to return more than EUR 500 million to shareholders, including a buyback representing 9 percent of share capital.

Consensus target stays above EUR 100

The FactSet consensus published by Boursorama on October 5, 2026, showed a 2.00 average recommendation score and a three-month target of EUR 105.46. Against the EUR 77.70 market price, that target places the share price 26.33 percent below the consensus target.

For investors, the central question is how quickly Wendel can redeploy the Stahl proceeds while expanding its private asset-management platform. As of June 30, 2026, Wendel Investment Managers managed EUR 48.7 billion for third-party investors, while EUR 3.6 billion was invested in principal investments after the Stahl and IHS transactions, according to Globenewswire.

Wendel stock holds at EUR 77.70

Wendel stock was trading at EUR 77.70 on Euronext Paris on October 5, 2026 at 12:28 p.m. CEST, with a session range of EUR 76.75 to EUR 77.85 and volume of 6,940 shares. Market capitalization stood at EUR 3.3 billion on the same date.