Please wait.'

Page is loading'


Home  > Markets & companies  > Coatings market  > Brenntag plans the conversion of its legal...

Monday, 16 December 2019
pdf
Markets & companies, Coatings market

Brenntag plans the conversion of its legal form into Societas Europaea

Friday, 4 October 2019

Brenntag plans to convert its legal form from a German stock corporation (Aktiengesellschaft, AG) into a Societas Europaea (SE).

The conversion into an SE is to be submitted to the Brenntag General Shareholders’ Meeting for approval at its ordinary meeting in June 2020. Source: geralt / Pixabay.
The conversion into an SE is to be submitted to the Brenntag General Shareholders’ Meeting for approval at its ordinary meeting in June 2020. Sourc...

This was decided by the management board and the supervisory board. Brenntag SE will continue to be headquartered in Essen and will continue to be managed on a dualistic basis by the management board and the cupervisory board. The responsibilities and composition of the two management bodies will remain unaffected by the new structure.

Brenntag's management board considers the Societas Europaea to be the modern legal form that is in keeping with today's corporate structure. "Brenntag is an international group headquartered in Europe and employing people from over 100 nations, of whom 90 percent work outside Germany," says Chief Executive Officer Steven Holland. "The SE as a supranational legal form stands for our global orientation and identity and the transformation is a consistent step in the further development of our company".

Conversion does not affect shareholders' rights

The conversion into an SE is to be submitted to the Brenntag General Shareholders’ Meeting for approval at its ordinary meeting in June 2020. The shareholders of Brenntag AG will automatically become shareholders of Brenntag SE. The conversion does not affect shareholders' rights, financial reporting or the listing of Brenntag shares on the Frankfurt stock exchange. Brenntag expects to see the registration in the commercial register and the conversion to take effect in summer 2020.

Image source: Pixabay

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register