April 22, 2008

Wendel announces exclusive negotiations to sell Editis to Spain’s Grupo Planeta.

On April 21, it was announced that Willkie client Wendel, the French listed investment company, is in exclusive negotiations to sell Editis, France’s second-largest publisher, to Spain’s Grupo Planeta, in a deal valued at over €1 billion.   The talks, which have been widely reported in the international press, including the April 22 Financial Times, could lead to a signed deal by the end of June.  It is expected that the transaction will create a new leader in European publishing.  Planeta is the largest Spanish media group and the world-leader in Spanish-language publishing.  With consolidated net sales of €5.5 billion in 2007, Wendel is one of Europe’s leading investment firms, investing in France and internationally.       The deal is being handled by partners Daniel Hurstel and Marie-Hélène Raffin; and associates Olivier Lopez, Charles Cardon and Aurélia Charar.

Daniel Hurstel Senior Counsel Corporate & Financial Services

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