DOW JONES–Hamburg billionaire Klaus-Michael Kühne is not ruling out further increasing his stake in the chemicals trader Brenntag. At the beginning of December, the logistics company’s holding company increased its stake in Brenntag from a good 15 percent to just over 20 percent, making it the largest shareholder in the DAX group again. The investment is currently worth around 1.4 billion euros. The second largest Brenntag shareholder is the US investor Artisan Partners Limited Partnership, which only increased its stake in September from a good 10 to 15.9 percent.
In a mandatory notification published on Tuesday, which was due when the 20 percent threshold was exceeded, Kühne Holding AG announced that it was “following market developments and the development of Brenntag’s business operations and would not like to rule out the purchase of additional shares or voting rights within the next twelve months.”
The investment serves to implement strategic goals, it said. No significant change to the capital structure of the group is being sought. Kühne Holding is represented on the supervisory board by its CEO Dominik de Daniel, who has had a seat on the board since the general meeting last May. There are currently no plans to further influence the composition of administrative, management and supervisory bodies at Brenntag.
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(END) Dow Jones Newswires
December 30, 2025 07:49 ET (12:49 GMT)
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