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Brenntag AG has signed an agreement to acquire 100% of Wellstar Group shares, with a 51% majority stake in 2017 and the remaining 49% by 2021. Wellstar Group is a Hong Kong-based specialty chemicals distributor with subsidiaries in Shenzhen, Guangzhou, and Shanghai.
Brenntag signed an agreement to acquire 100% of Wellstar Group, a specialty chemical distributor in China, in two steps: a 51% stake in 2017 and the remaining 49% by 2021.