Chemicals – Brenntag gives up takeover – Economy

Nothing will come of the multi-billion acquisition of Brenntag. The world’s largest chemical trader said in a brief statement in Essen on Tuesday night that it had decided to end negotiations with US competitor Univar Solutions about its takeover. Brenntag did not give a reason. The purchase of the number three in the global chemical distribution market would have been by far the largest takeover for Brenntag at possibly more than six billion euros. The merger would have created a group with sales of a good 30 billion and an operating profit of almost three billion euros. Univar now wants to look for other buyers.

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