Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Brachem Acquisition Divests 4.5 Mln Brenntag Shares For EUR70/shr - Quick Facts

Brachem Acquisition S.C.A. Luxembourg Thursday reported divesting 4.5 million shares of Brenntag AG (BNR.DE,BNTGF.PK) in an accelerated bookbuilt offering for 70 euros per share, thus trimming its shareholding to 27.3 percent. The shares are owned by Brachem Acquisition on behalf of BC Partners, Bain Capital and Goldman Sachs.

The transaction, which had a volume of approximately 315 million euros, saw the sale of 8.7 percent of Brenntag's share capital. Brachem Acquisition had purchased the stake in Brenntag at a price of 50 euros per share in 2006.

Click here to receive FREE breaking news email alerts for Brenntag AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings... Cloud-based human resource software maker Workday, Inc. said Monday after the markets closed that its third quarter net loss widened from last year, as higher costs and expenses more than offset a 68% increase in revenue. However, the company's adjusted loss per share was smaller than what analysts estimated and its quarterly revenue topped analysts' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.