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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

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