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Chemical distribution company Brenntag plans to convert its legal form from a German stock corporation into a European company, Brenntag SE, which will remain headquartered in Essen, Germany, and continue to be managed on a dualistic basis by its management board and supervisory board. The United States Federal Trade Commission approved a final order requiringQuaker Chemical to sellHoughton Internationals North American aluminum hot rolling oil and steel cold rolling oil product lines to French oil major Total as a condition of Quaker Chemicals $1.4 billion merger with Houghton.

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