(CercleFinance.com) – Bureau Veritas announces that it has acquired approximately 3.69 million of its own shares (approximately 0.8% of its capital) for a total amount of approximately 100 million euros as part of the accelerated disposal procedure initiated by Wendel.
During this operation, Wendel sold a total number of approximately 40.5 million Bureau Veritas shares, representing approximately 9% of the capital, and the Lac1 fund, managed by Bpifrance, took a stake of approximately 4%, thus becoming a new benchmark investor.
It is agreed that the board of directors will propose the appointment of Bpifrance as an independent director in compliance with the rules of parity or, if such an appointment cannot take place immediately, as a non-voting director.
In accordance with the objective of the share repurchase program, the repurchased shares will be allocated to the cancellation objective and other purposes authorized by Bureau Veritas shareholders at the AGM on June 22.
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