February 21, 2019 / 1:52 AM / 10 months ago

Wendel to sell 40 pct stake in Allied Universal

Feb 21 (Reuters) - French investment firm Wendel SE said on Thursday it would sell about 40 percent of its equity stake in security services company Allied Universal to Caisse de dépôt et placement du Québec (CDPQ) for an enterprise value of more than $7 billion.

After the transaction, Wendel will retain about 18 percent ownership in Allied Universal, the company said. (Reporting by Shubham Kalia in Bengaluru; Editing by Subhranshu Sahu)

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