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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 Friday it sold a 14% stake in German chemicals distributor Brenntag AG (BNR.XE) for EUR577.5 million.
Brachem sold 7 million shares at EUR82.50 each, reducing its stake in Brenntag to just below 14%.
At 1045 GMT, Brenntag shares traded 2.3% lower at EUR84.80.
Private equity funds advised by BC Partners, Bain Capital and Goldman Sachs have bundled their Brenntag shares at Brachem.
Brachem acquired Brenntag in 2006, and sold a first stake in the company with an initial public offering in March 2010 at EUR50 per share.
-By Steffen Gosenheimer and Friedrich Geiger, Dow Jones Newswires; +49 69 29725 506; friedrich.geiger@dowjones.com
1 Year Brenntag (PK) Chart |
1 Month Brenntag (PK) Chart |
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