Following a report by a French media group, Paris-based Rexel is denying that it’s in talks a few potential buyout.
On Dec. 17, La Lettre reported that Luxembourg-based CVC Capital Companions — guided by Swedish fund Cevian Capital — had expressed curiosity in buying Rexel and {that a} deal was “at present underneath negotiation”.
The report went on to counsel that Common Electrical was additionally curious about buying Rexel’s North American enterprise.
La Lettre covers enterprise, politics and media matters.
Rexel sternly shot down the report later that very same day with a short two-sentence assertion:
“According to its communication practices, the corporate doesn’t intend to touch upon market rumors.
Following the article printed in La Lettre immediately, the corporate would nonetheless prefer to make clear that, as of immediately, it has no ongoing contacts and isn’t conducting any negotiations with potential consumers.
The corporate stays targeted on executing its technique and creating worth for all of its stakeholders.”
MDM Podcast: Rexel’s Technique for M&A, Expertise and Tech (July 2025)
Context You Ought to Know
Rexel’s assertion means that, regardless of its coverage for such issues, the corporate felt it wanted to publicly reply to the report back to make clear its place.
Rexel’s inventory reportedly jumped 5% after the report, however cooled off after the corporate’s denial assertion and ended the day up 1%.
“With the inventory already up 35% this yr, analysts at Jefferies observe that the hope for a buyout premium now carries further danger if nothing materializes,” London-based investor publication Finimize wrote relating to the matter.
Again in September 2024, information surfaced that Rexel had turned down a $9.4 billion takeover provide from constructing supplies distributor QXO, which had simply formally launched just a few months prior. Rexel’s market capitalization was estimated at round $7.5 billion again then, nevertheless it has considerably grown since, now estimated at $11.5 billion to $11.8 billion to start 2026.
Rexel reported 2024 gross sales of $20.1 billion — 45% of which had been in North America (83% within the U.S.). Europe contains about 49%, with one other 6% in Asia-Pacific. The corporate has a community of greater than 1,875 branches in 17 international locations, backed by greater than 26,000 workers.
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