The AMF will investigate the rise of Wendel Saint-Gobain

Wendel and his former Chief Executive Jean-Bernard Lafonta subject of proceedings before the Sanctions Committee of the Financial Markets Authority (AMF) on the climb to the capital of Saint-Gobain, writes Le Figaro.

The procedure relates the position that Wendel indirectly held in Saint-Gobain, through derivatives, where the investment firm said to have crossed the threshold of 5% stake in the building materials group in September 2007 by daily.

It would be of Wendel was whether the market informed of the existence of its position in derivatives that indirectly strengthened its position in round of Saint-Gobain.

Grievances reported several months ago by the College of the MFA will be reviewed promptly by the sanctions committee, said Le Figaro.

A spokesman declined to comment Wendel information Friday morning.

The AMF was not immediately available to provide comment.

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