We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Brenntag SE (PK) | USOTC:BNTGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.19 | 1.58% | 12.18 | 11.92 | 12.36 | 12.2075 | 12.10 | 12.10 | 93,532 | 21:01:18 |
Brachem Acquisition, an investment vehicle of BC Partners, Bain Capital and Goldman Sachs Group Inc. (GS), said Thursday it sold an 8.7% stake in German chemicals distributor Brenntag AG (BNR.XE) in a transaction valued at approximately EUR315 million.
Brachem said it sold 4.5 million shares for EUR70 each to institutional investors, reducing the fund's stake in Brenntag to 27.3%.
At 0830 GMT, Brenntag shares traded 1.9% lower at EUR70.89.
Private equity funds advised by BC Partners, Bain Capital and Goldman Sachs have bundled their Brenntag shares at Brachem.
Brachem acquired Brenntag in September 2006, and sold a first stake in the company with an initial public offering in March 2010 at EUR50 per share.
Brachem said it won't reduce its stake further in the coming 90 days.
-By Friedrich Geiger, Dow Jones Newswires; +49 69 29725 506; friedrich.geiger@dowjones.com
1 Year Brenntag (PK) Chart |
1 Month Brenntag (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions