in this issue
Regions :: Western Europe :: Germany
Brachem Cuts Stake in Brenntag
12:54 PM MST | January 11, 2012 | Ian Young
Brachem Acquisition, the biggest shareholder in Brenntag, has placed 4.5 million Brenntag shares with institutional investors at a price of €315 million or €70/share in an accelerated bookbuilding process. The transaction means that the number of Brenntag shares listed on the Frankfurt stock exchange increases to almost 73% of the company's equity, from about 64%. Brachem is an entity into which private equity firms BC Partners, Bain Capital, and Goldman Sachs have bundled their Brenntag shares. Brachem has entered into a lock-up period of 90 days for...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee