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Shares in Brenntag drop on report of sale of dual-use chemicals to Syria

Photo Credit: DPA/FILE
2019-06-26

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SULAIMANI — Shares in German chemicals distributor Brenntag dropped 4.4% on Wednesday (June 26) with traders citing a media report that the company sold substances to Syria that could go into chemical weapons, among other uses.

Daily Sueddeutsche Zeitung reported on Tuesday that Brenntag, the world’s largest chemicals distributor, sold chemical raw materials to a Syrian pharmaceutical company, according to Reuters.

While a potential use of the precursor materials, diethylamine and isopropanol, is in pharmaceuticals they can also be used to make banned nerve agent sarin, the paper said.

Brenntag was not immediately available to comment.

Sueddeutsche Zeitung quoted the group as saying shipments to Syria were made in compliance with the law.

(NRT Digital Media/Reuters)