Brenntag IPO Expected by Mid-year

Brenntag confirms that its previously announced initial public offering (IPO) will take place in the first half of 2010 (CW, Sept. 28/Oct. 5, 2009, p. 7). The company says it plans to raise about €500 million ($676 million) via the IPO, which would be made up of existing and newly issued shares. It intends to use proceeds from the IPO to finance expansion plans and strengthen the company’s equity. Further details were not disclosed. Brenntag is owned by private equity firm BC...

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