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BNTGY Brenntag SE (PK)

14.30
0.24 (1.71%)
31 May 2024 - Closed
Delayed by 15 minutes
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
  0.24 1.71% 14.30 13.96 14.47 14.31 14.18 14.29 44,037 21:14:51

BC Partners' Brachem Acquisition Sells 8.7% Stake In Brenntag

05/01/2012 9:10am

Dow Jones News


Brenntag (PK) (USOTC:BNTGY)
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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

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