Essen based Distributor to adopt modern Legal Form after 2020 Shareholder’s Meeting
Global chemical distributor Brenntag AG (Essen, Germany) announced that it will convert its leagl from Aktiengesellschaft (“AG”) to a European Compeny or Societas Europeana (“SE”) following decisions by the Management Board and the Supervisory Board.
Brenntag SE will continue to be headquartered in Essen and will continue to be managed with a dual bord structure of Management Board and Supervisory Board. The responsibilities and composition of the two management bodies will remain unaffected by the new structure, Brenntag said in a statement. The company went on to outline that “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.” The company expects the registration in the commercial register and the conversion to take effect in summer 2020.
Source: Brenntag press release
HGE – DCG / 06.09.2019