Plus   Neg

Brenntag AG Issues AGM Statement - Quick Facts

Brenntag AG (BNTGF.PK) stated that the company is financially absolutely solid and stable. It currently has some 600 million euros available in liquidity plus a guaranteed but as yet undrawn credit facility of another 600 million euros. The Group noted that it does not have to repay a maturity on one of its financial instruments until the end of 2022.

The company said the conversion of Brenntag AG from a German stock-law corporation into a European Company only leads to a change of the legal form, and its shareholders will continue to participate to the same extent in Brenntag SE. The stock exchange listing of the shares will also remain unaffected and the uninterrupted tradability of the shares is guaranteed.

The Group said, on the basis of the current dividend proposal, it is planning a payout of some 193 million euros, with a payout ratio of 41.4%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter could face a fine of up to $250 million from the U.S. Federal Trade Commission regarding its use of phone numbers and email addresses to target advertisements. Lord & Taylor joined the growing list of U.S. retailers who filed for bankruptcy amid the coronavirus pandemic. Lord & Taylor, one of the oldest department store chains in the U.S., filed for bankruptcy protection in the Eastern Court of Virginia on Sunday. The company operated 38 stores that have remained temporarily closed since March this year due to the pandemic. Thomson International Inc. is recalling Red, Yellow, White, and Sweet Yellow Onions for potential contamination with Salmonella, according to a statement by the U.S. Food and Drug Administration or FDA. The onions are in distribution since May 1, 2020. They were sold to wholesalers, restaurants, and retail stores in all 50 U.S. states, the District of Columbia and Canada.
Follow RTT