Financial investor BC Partners has started the placement of 6.9 million shares in German chemicals distributor Brenntag, two people familiar with the matter told Reuters on Friday.
The share placement, equaling about 13.3% of Brenntag's shares, is organised by Goldman Sachs and Deutsche Bank.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
BASF sells a majority stake in its coatings business to the investor Carlyle.
