Brenntag shareholder PrimeStone: Stop takeover talks with Univar

Univar Solutions

20/12/2022 07:32

FRANKFURT, Dec 20 (Reuters) - Activist investor
PrimeStone urged German chemicals distributor Brenntag SE
 BNRGn.DE  to end talks with potential takeover target Univar
Solutions Inc  UNVR.N  and instead buy back shares and prepare
for a break-up into two separately listed companies.
    In an open letter to Brenntag's management, the investor
said on Tuesday that it owns 2% of Brenntag's shares.
    Brenntag said last month it was in preliminary discussions
to acquire U.S. rival Univar, as the German chemicals
distributor seeks to expand its footprint in the United States.
 (Reporting by Ludwig Burger, Editing by Miranda Murray)
 ((ludwig.burger@thomsonreuters.com; +49 30 220133634;))