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

Editors Pick
Stocks are showing a lack of direction in early trading on Friday after ending the previous session sharply higher. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves. While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August. The terrorist group known as the Islamic State in Iraq and the Levant (ISIL) is earning about $1 million each day by smuggling oil out of the Middle East, according to the US Treasury Department. Speaking at the Carnegie Endowment for International Peace on Thursday, Under Secretary for Terrorism and Financial Intelligence David Cohen said "ISIL has raised a significant amount of its money - many
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.