logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT