France's CGIP and Marine Wendel merge

PARIS, June 13 (Reuters) - Shareholders of French holding companies CGIP and Marine Wendel approved a plan on Thursday to simplify their relationship by merging to create a new company called Wendel Investissement.

The plan, which involved the absorption of CGIP by Marine Wendel, both controlled by the family of business leader Ernest-Antoine Seilliere, was ratified by the vast majority of shareholders at both companies' annual shareholder meetings.

A spokesman for CGIP ...