Wendel: reinvests E125m in Cromology
(CercleFinance.com) - Wendel announces that it has signed an agreement on the renegotiation of Cromology's financial debt.
The group will invest 125 million euros in equity alongside the new management team.
"The new equity contributed by Wendel will strengthen Cromology's financial structure, in particular by lightning its debt burden through the early repayment of E75 million in senior debt," Wendel said.
"The new equity will also enable the company to implement its transformation plan and finance its investments".
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