Brenntag AG's (BNR.XE) majority shareholder, a vehicle of BC Partners, Bain Capital and Goldman Sachs Group Inc. (GS), is looking to place up to 11 million shares in the chemicals distribution company, Deutsche Bank said Thursday.

The placement is being made in an accelerated book-build that will close Thursday. The shares represent about 21.4% of the company.

Brenntag floated in Frankfurt in March, with an initial public offering price of EUR50 a share. The stock closed Thurday at EUR61/share.

The investment vehicle of the private equity funds, Brachem, held about 70% of the stock before the planned placing.

-By Margot Patrick, Dow Jones Newswires; +44 (0)20 7842 9451; margot.patrick@dowjones.com
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