France's Wendel plans to distribute over 1.6 billion euros to investors by 2030

Dec ‌12 (Reuters) - French private ‍equity ‌firm Wendel plans to ⁠return ‌more than 1.6 billion euros ($1.9 billion) to ⁠shareholders by 2030, driven by ​expected cash inflows ‌exceeding 7 ⁠billion euros, it said on Friday ahead ​of its investor day.

As part of this strategy, the ​company ‍will start ​a buyback of 9% of its share capital in 2026, which equates to ⁠around 300 million euros based ​on current market prices.

($1 = 0.8521 euros)

(Reporting by Jakob Van ‌Calster in Gdansk, editing by Milla Nissi-Prussak)