ENXTPA:MFDiversified Financial
How Investors Are Reacting To Wendel (ENXTPA:MF) Spinning Off Stahl’s Leather Chemicals Unit Into Muno
Wendel announced that Stahl has completed the carve-out of its wet-end leather chemicals division, which began operating independently as Muno on 1 January 2026, with Wendel retaining majority ownership of the new company.
This move closes Stahl’s multi-year transformation and reshapes Wendel’s portfolio exposure, with Stahl now concentrating on speciality coatings while Muno becomes a separate platform within Wendel’s holdings.
We’ll now examine how Wendel’s majority ownership of the newly...