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Brachem Acquisition S.C.A. sells remaining shares of Brenntag AG

Brachem Acquisition S.C.A., the major shareholder of Brenntag AG, announced today that it placed 6.9 million shares of Brenntag AG for a price of EUR 89.00 per share with institutional investors in an accelerated bookbuilding process. Accordingly, the free float increases from nearly 86.3 percent to 100 percent. The transaction was led by Deutsche Bank and Goldman Sachs.

  • 6.9 million shares for a total price of EUR 611 million sold
  • 100 percent of shares in free float

About Brenntag:

Brenntag is the global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to about 160,000 customers. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as extensive technical support. Headquartered in Mülheim an der Ruhr, Germany, the company operates a global network with more than 400 locations in 68 countries. In 2011 the company realized global sales of EUR 8.7 billion (USD 12.1 billion) with nearly 13,000 employees.