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 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 said it expected organic gross profit growth of 4% -7% and Ebita margin growth of 7%-9% annually by 2027, as it unveiled plans to reorganize its divisions. Skip to Main Content.

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 lowered its full-year profit forecast following sustained pressure on industrial chemical prices, and reported lower earnings and revenue for the second quarter.

Brenntag (ETR:BNR) investors are sitting on a loss of 19% if they invested three years ago [email protected] (Simply Wall St) Sun, Nov 17, 2024, 1:16 AM 3 min read ...

Germany’s Brenntag SE is in talks to buy US rival Univar Solutions Inc., a deal that would cement its position as the world’s biggest chemical distributor and create a company with more than ...

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, ...