German chemicals distributor Brenntag said on Tuesday it would reorganise its business into two independent divisions from 2024 as it faces pressure from activist investors to break up the company.

Brenntag is the global market leader in chemical and ingredients distribution with over 17,000 employees in 78 companies, according to its website. Univar, meanwhile, ...

Brenntag is the latest in a series of old and famous German companies, such as Bayer BAYGn.DE and Thyssenkrupp TKAG.DE, that have been targeted by activist investors to divest part of their ...

Brenntag AG Chief Executive Steve Holland said in an interview with The Wall Street Journal that there were “green lights” across world economies, based on his views of chemical distribution ...

PrimeStone, which holds a 2% stake in Brenntag, says the separation would boost the company's shares, which are already up by a fifth year-to-date at around 72 euros ($78.90).

Brenntag SE shares rose as much as 5.8% after the company said it’s no longer proceeding with discussions to potentially acquire US rival Univar Solutions Inc.

Brenntag Slumps After Confirming Potential Univar Tie-Up Deal seen as ‘logical step’ but could trigger equity raise Univar shares jump as much as 8.3%, the most in a year ...