Brenntag AG / Acquisition
05.07.2010 07:39
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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BRENNTAG (Holding) B.V., subsidiary of Brenntag AG, and The East Asiatic
Company Ltd. A/S today agreed on a share purchase agreement about the
acquisition of 100% of the shares of EAC Industrial Ingredients Ltd. A/S, a
provider of chemical distribution solutions in South and South East Asia.
Selling company is the stock-listed The East Asiatic Company Ltd. A/S, a
Copenhagen based Danish company. The agreed purchase price is EUR 160
million on a cash and debt free basis. With this acquisition, Brenntag
significantly expands its market position in South and South East Asia. EAC
Industrial Ingredients Ltd. A/S covers with subsidiaries markets in nine
countries with an established network of 27 distribution sites employing
nearly 800 people.
The closing of the deal is expected in the course of July 2010. Brenntag
expects significant benefits from the combination of the two operations. No
merger control notification was necessary with regard to the
acquisition.
Contact:
Brenntag AG
Georg Mueller, Stefanie Steiner
Stinnes-Platz 1
45472 Muelheim an der Ruhr
Germany
P +49 208 7828 7653
F +49 208 7828 7755
E-Mail: ir@brenntag.de
www.brenntag.com
05.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Brenntag AG
Stinnes Platz 1
45472 Mülheim an der Ruhr
Deutschland
Phone: +49 (0) 208 7828 - 0
Fax: +49 (0) 208 7828 - 698
E-mail: info@brenntag.de
Internet: www.brenntag.com
ISIN: DE000A1DAHH0
WKN: A1DAHH
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart
End of News DGAP News-Service
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