Brenntag Slumps as Brachem Sells Entire Stake: Frankfurt Mover
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Brenntag AG fell the most in more than a month in Frankfurt after Brachem Acquisition S.C.A., the German chemical distributor’s largest shareholder, sold its entire stake.
Brenntag declined as much 3.2 percent to 88.86 euros, the largest intraday drop since June 1, and traded down 2.9 percent at 89.14 euros as of 10:27 a.m. Brachem sold 6.9 million shares of the chemicals company at 89 euros apiece.