People & Business :: M&A
Brenntag Investors Sell More Shares
10:38 AM MST | February 24, 2012 | Vincent Valk
Brachem Acquisition, the largest shareholder in Brenntag, has sold an additional 7 million shares in the company at €82.50/share. Brachem has raised €577.5 million ($769 million) in the sale, which was directed at institutional investors. The firm, which controls Brenntag shares on behalf of BC Partners, Bain Capital and Goldman Sachs, now owns 13.7% of Brenntag. In January, Brachem sold 4.5 million Brenntag shares at €70/share, raising €315 million. Brenntag shares are listed in the Frankfurt stock exchange, and were priced at...
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