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
Sony Computer Entertainment Inc. Wednesday revealed that its popular PlayStation4 computer entertainment system has achieved total sales of more than 30.2 million units worldwide in a period of two years. The PS4 system is currently available in 124 countries. Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, Wednesday said its sales declined for the third quarter as well as nine months. Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share...
comments powered by Disqus
Follow RTT