Wendel grows asset-management fees as portfolio valuations recover
Wendel ($MF-EURONEXT) reported management fees and other revenue of €344 million in the first nine months of 2026, up 41.3% as reported and 10% at constant exchange rates and scope. The gap reflects acquisitions and longer consolidation periods. Assets under management reached €48.7 billion, including €37.7 billion generating fees, with fee-paying assets 9% above their year-earlier level. Fully diluted net asset value rose 5.1% during the third quarter to €167 per share, helped principally by hi
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