Tarkett Brings in Wendel as 30% Investor
Paris, FR, April 26, 2021-Tarkett’s majority owner, the Deconinck family, will launch a simplified tender offer on Tarkett shares and pursue the group’s development with the support of Wendel as long-term financial partner investor.
The offer will be launched by Tarkett Participation, a company controlled by the Deconinck family, which holds 50.8% of Tarkett’s share capital. Wendel will invest as a minority shareholder. Wendel will hold up to 30% of Tarkett Participation. The transaction will be financed by Wendel and the long-term banking partners of Tarkett.
The Deconinck family will maintain a controlling stake in the company.
Wendel will be represented on Tarkett’s board of directors and will have corporate governance rights commensurate with the level of its minority shareholding.
Wendel is a French investment company. By bringing in a friendly investor, this could be a move to take the company private.