Stahl could get €60m injection
05/11/2009
French private equity group Wendel is reported to have proposed a EUR 60 million injection for specialist leather chemical supplier Stahl, of which it owns 48% through one of its subsidiaries, Oranje-Nassau Groep.
Wendel's new chief executive, Frédéric Lemoine, told the Financial Times in a recent interview that the group would provide support to the companies in which it has invested to help them take advantage of the global economic recovery whenever it comes.
In this context he said Wendel has proposed a €60m capital injection in Stahl to help the leather chemicals provider reduce debt.
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