founder and CEO, Moulay Hafid Elalamy. Wendel intends to support Saham in its future, long-term growth and development. In July 2013, Wendel increases it investment in IHS Holding to $276 million. In June 2013, after 11 years as reference shareholder, Wendel completes the successful sale of its remaining stake in Legrand. In April 2013, the rating agency Standard & Poor's raised its long-term rating on Wendel from "BB" to "BB+", with stable outlook. In April 2012, after obtaining the necessary authorizations, Wendel sold Deutsch to the industrial group TE Connectivity. In March 2012, Frédéric Mitterrand, Minister of Culture, awarded Wendel with the distinction of Great Patron of Culture. This distinction acknowledges its commitment to arts and in particular to the Centre Pompidou-Metz. In July 2011, Wendel announced the acquisition of Mecatherm, the world leader in industrial bakery equipment. In July 2011, the rating agency Standard & Poor's revised from "stable" to "positive." Wendel's "BB-" credit rating after the company improved its financial profile, including its "loan to value" ratio. In June 2011, Wendel became reference shareholder of the Swiss technology company Exceet Group AG, via the investment structure Helikos. In May 2011, Wendel and Saint-Gobain established the principles and objectives of their long-term cooperation. In March 2011, Wendel bought the car rental specialist Parcours for €107m. Shareholder of Stallergenes since 1993, Wendel sold its shares (46%) of the world leader in immunotherapy treatment for allergic respiratory diseases, to Ares Life Sciences in November 2010. In May 2010, Wendel became the founding sponsor of the Centre Pompidou-Metz. In June 2008, Sophie Boegner, Ernest-Antoine Seillière's cousin, denounced the conditions through which 15 Wendel managers invested in 4.7% of the company's stock in May 2007. In August 2011, the public prosecutor dismissed the case. In a sequence of dismissal, Judge Renaud Van Ruymbeke pronounced which if a leaders of Wendel completed “significant gains” in reorder of a collateral Wendel, “this actuality alone can not concede a characterization of injustice of association assets”. The public prosecutor had previously closed the "misappropriation of funds and concealment" case, deeming that no penal qualification resulted from the case, given the contradictory elements transmitted by the Autorité des marchés financiers and given the results of an internal investigation. In May 2008, Wendel sold Editis to the Spanish group Planeta. In October 2007, the initial public offering of Bureau Veritas brought 1.2 billion euros. Wendel has stayed the majority