{
 "as_of": "2026-11-06",
 "cmr": "fr-cm-kg/XPAR/FR0000121204",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# WENDEL (Euronext Paris: FR0000121204) — research page\n\nAs of 2026-11-06 · fr-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is WENDEL, listed on Euronext Paris under ticker FR0000121204, with ISIN FR0000121204 and LEI 969500M98ZMIZYJD5O34. Its security type is Corporate and its sector is NAF 70.22Z. Its jurisdiction is France (RCS-registered Société européenne (SE)), and its segment is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 38 filings on 20 filing days in the window 2025-11-06 to 2026-11-06, comprising 18 directors' dealings, 14 newswire releases, 3 regulatory filings, 2 takeover filings and 1 prospectus. The median gap between filing days is 14 days. The latest filing is a newswire release dated 2026-11-05, 1 day before the record date of 2026-11-06. The exchange median is 8.0 days for cadence and 3 days for latency across 316 issuers, and the sector median is 7 days for cadence and 11 days for latency across 16 issuers, with median filings of 15.0 on both.\n\n## Auditor\n\nThe auditor of record is PricewaterhouseCoopers Audit, and its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable because the chapter's orderability section carries no client categories, so the client category cannot be named. The rule version is acm-68000/fr/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages read.\n\n## Open research\n\nThe record holds 6 openly published research notes: S&P Global Ratings on 2025-03-31, 2024-03-22, 2023-06-09, 2022-02-25 and 2019-01-25, and Moody's on 2020-08-19.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed, so no sealed years hold the issuer, no earliest sealed date is given, and the live record began is not stated.\n\n## Sources\n\n14 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (identity.exchange)\n- https://recherche-entreprises.api.gouv.fr/search?q=572174035 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.fr-cm-kg.ai/events/XPAR/FR0000121204 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (the halt flag)\n- https://www.wendelgroup.com/wp-content/uploads/2026/04/wen2025-deu-en-mel-26-04-02.pdf (the auditor)\n- https://mcp.fr-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.wendelgroup.com/wp-content/uploads/2025/03/note-sp-31032025.pdf (open research)\n- https://www.wendelgroup.com/wp-content/uploads/2024/04/note-du-22-mars-2024-spglobal.pdf (open research)\n- https://www.wendelgroup.com/wp-content/uploads/2023/06/ratingsdirect-wendelse-55115425-jun-09-2023.pdf (open research)\n- https://www.wendelgroup.com/wp-content/uploads/2022/10/Note-du-25-fevrier-2022-SP-Global.pdf (open research)\n- https://www.wendelgroup.com/sites/default/files/wendel_note_du_19.08.2020.pdf (open research)\n- https://www.wendelgroup.com/sites/default/files/note_du_25_janvier_2019.pdf (open research)\n- https://mcp.fr-cm-kg.ai/record/XPAR/FR0000121204 (the record)\n",
 "market": "FR",
 "node": "fr-cm-kg",
 "numbers": {
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   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the FR vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "read by ChatGPT (batch)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.wendelgroup.com/wp-content/uploads/2026/04/wen2025-deu-en-mel-26-04-02.pdf",
    "state": "filled",
    "value": "PricewaterhouseCoopers Audit"
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    "state": "not_on_record"
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    "market": "FR",
    "state": "not_on_record"
   },
   "changes": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "fr-cm-kg/XPAR/FR0000121204",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [
    {
     "page": "https://www.wendelgroup.com/en/investors/coverage-by-analysts/",
     "result": "not readable by this rail (403)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
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    "exchange": {
     "issuers": 316,
     "median_cadence_gap_days": 8,
     "median_filings": 15,
     "median_latency_days": 3,
     "name": "Euronext Paris"
    },
    "sector": {
     "issuers": 16,
     "median_cadence_gap_days": 7,
     "median_filings": 15,
     "median_latency_days": 11,
     "name": "NAF 70.22Z"
    }
   },
   "by_type": {
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    "newswire_release": 14,
    "prospectus": 1,
    "regulatory_filing": 3,
    "takeover": 2
   },
   "cadence_median_gap_days": 14,
   "filing_days": 20,
   "filings": 38,
   "latency_days": 1,
   "latest": [
    {
     "category": null,
     "date": "2026-11-05",
     "source": "https://www.globenewswire.com/news-release/2026/11/05/3396897/0/fr/wendel-d%C3%A9claration-du-nombre-de-droits-de-vote-et-d-actions-au-31-octobre-2026.html",
     "title": "WENDEL : Déclaration du nombre de droits de vote et",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-22",
     "source": "https://www.globenewswire.com/news-release/2026/10/22/3386021/0/fr/wendel-activit%C3%A9-du-3e-trimestre-2026.html",
     "title": "WENDEL : Activité du 3e trimestre 2026",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-22",
     "source": "https://www.globenewswire.com/news-release/2026/10/22/3386021/0/en/wendel-q3-2026-trading-update.html",
     "title": "WENDEL: Q3 2026 Trading Update",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-05",
     "source": "https://www.globenewswire.com/news-release/2026/10/05/3374806/0/fr/wendel-b%C3%A9n%C3%A9dicte-rabier-rejoint-wendel-en-tant-que-chief-product-officer-de-wendel-investment-managers.html",
     "title": "WENDEL : Bénédicte Rabier rejoint Wendel en tant que Chief",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-05",
     "source": "https://www.globenewswire.com/news-release/2026/10/05/3374806/0/en/wendel-b%C3%A9n%C3%A9dicte-rabier-joins-wendel-as-chief-product-officer-of-wendel-investment-managers.html",
     "title": "WENDEL: Bénédicte Rabier joins Wendel as Chief Product",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.fr-cm-kg.ai/events/XPAR/FR0000121204",
   "window": {
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    "to": "2026-11-06"
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    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "Euronext Paris"
   },
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    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "confirmed",
    "value": "FR0000121204"
   },
   "jurisdiction": {
    "read_by": "French State company search (recherche-entreprises.api.gouv.fr; INSEE / RNE register data) (nature juridique)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://recherche-entreprises.api.gouv.fr/search?q=572174035",
    "state": "sourced",
    "value": "France (RCS-registered Société européenne (SE))"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN FR0000121204)",
    "state": "sourced",
    "value": "969500M98ZMIZYJD5O34"
   },
   "name": {
    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "WENDEL"
   },
   "sector": {
    "read_by": "French State company search (recherche-entreprises.api.gouv.fr; INSEE / RNE register data) (activité principale, NAF)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://recherche-entreprises.api.gouv.fr/search?q=572174035",
    "state": "sourced",
    "value": "NAF 70.22Z"
   },
   "security_type": {
    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "Corporate"
   },
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    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "FR0000121204"
   },
   "website": {
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  "licensed": {
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    "entitlement",
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    "date",
    "source"
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   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "listing": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "name_change": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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  "node": "fr-cm-kg",
  "numbers_hash": "sha256:310ecbbfa31f338c3b58db63a39d15251a02c26df95aca45f0fb3c45bfc755ff",
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     "date": "2025-03-31",
     "kind": "independent",
     "publisher": "S&P Global Ratings",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.wendelgroup.com/wp-content/uploads/2025/03/note-sp-31032025.pdf",
     "state": "sourced",
     "title": "Wendel SE Outlook Revised To Stable On Debt Reduction; 'BBB' Ratings Affirmed"
    },
    {
     "date": "2024-03-22",
     "kind": "independent",
     "publisher": "S&P Global Ratings",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.wendelgroup.com/wp-content/uploads/2024/04/note-du-22-mars-2024-spglobal.pdf",
     "state": "sourced",
     "title": "Tear Sheet"
    },
    {
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     "kind": "independent",
     "publisher": "S&P Global Ratings",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.wendelgroup.com/wp-content/uploads/2023/06/ratingsdirect-wendelse-55115425-jun-09-2023.pdf",
     "state": "sourced",
     "title": "Wendel SE"
    },
    {
     "date": "2022-02-25",
     "kind": "independent",
     "publisher": "S&P Global Ratings",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.wendelgroup.com/wp-content/uploads/2022/10/Note-du-25-fevrier-2022-SP-Global.pdf",
     "state": "sourced",
     "title": "Wendel SE"
    },
    {
     "date": "2020-08-19",
     "kind": "independent",
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     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.wendelgroup.com/sites/default/files/wendel_note_du_19.08.2020.pdf",
     "state": "sourced",
     "title": "IHS Towers' potential registered IPO in the US is credit positive for Wendel SE"
    },
    {
     "date": "2019-01-25",
     "kind": "independent",
     "publisher": "S&P Global Ratings",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.wendelgroup.com/sites/default/files/note_du_25_janvier_2019.pdf",
     "state": "sourced",
     "title": "France-Based Investment Holding Company Wendel Upgraded To 'BBB/A-2'; Outlook Stable"
    }
   ],
   "state": "found"
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  "orderability": {
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   "determinable": false,
   "read": {
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    "door": "https://mcp.fr-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/fr/mifid-ii-product-governance/r1",
   "section": "fr.aio.v10"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.fr-cm-kg.ai/record/XPAR/FR0000121204",
   "version": 1
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   "read_date": "2026-11-09",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current",
   "value": "listed, not halted"
  }
 },
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 "path": "/fr/XPAR/FR0000121204",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is WENDEL, listed on Euronext Paris under ticker FR0000121204, with ISIN FR0000121204 and LEI 969500M98ZMIZYJD5O34. Its security type is Corporate and its sector is NAF 70.22Z. Its jurisdiction is France (RCS-registered Société européenne (SE)), and its segment is not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 38 filings on 20 filing days in the window 2025-11-06 to 2026-11-06, comprising 18 directors' dealings, 14 newswire releases, 3 regulatory filings, 2 takeover filings and 1 prospectus. The median gap between filing days is 14 days. The latest filing is a newswire release dated 2026-11-05, 1 day before the record date of 2026-11-06. The exchange median is 8.0 days for cadence and 3 days for latency across 316 issuers, and the sector median is 7 days for cadence and 11 days for latency across 16 issuers, with median filings of 15.0 on both.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is PricewaterhouseCoopers Audit, and its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable because the chapter's orderability section carries no client categories, so the client category cannot be named. The rule version is acm-68000/fr/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages read.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 6 openly published research notes: S&P Global Ratings on 2025-03-31, 2024-03-22, 2023-06-09, 2022-02-25 and 2019-01-25, and Moody's on 2020-08-19.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed, so no sealed years hold the issuer, no earliest sealed date is given, and the live record began is not stated.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "14 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
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   "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://recherche-entreprises.api.gouv.fr/search?q=572174035"
  },
  {
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   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
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   "source": "https://mcp.fr-cm-kg.ai/events/XPAR/FR0000121204"
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  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current"
  },
  {
   "for": "the auditor",
   "source": "https://www.wendelgroup.com/wp-content/uploads/2026/04/wen2025-deu-en-mel-26-04-02.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.fr-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.wendelgroup.com/wp-content/uploads/2025/03/note-sp-31032025.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.wendelgroup.com/wp-content/uploads/2024/04/note-du-22-mars-2024-spglobal.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.wendelgroup.com/wp-content/uploads/2023/06/ratingsdirect-wendelse-55115425-jun-09-2023.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.wendelgroup.com/wp-content/uploads/2022/10/Note-du-25-fevrier-2022-SP-Global.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.wendelgroup.com/sites/default/files/wendel_note_du_19.08.2020.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.wendelgroup.com/sites/default/files/note_du_25_janvier_2019.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.fr-cm-kg.ai/record/XPAR/FR0000121204"
  }
 ],
 "title": "WENDEL (FR0000121204) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}