{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/BNR",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# BRENNTAG SE NA O.N. (Xetra: BNR) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is BRENNTAG SE NA O.N., listed on Xetra under ticker BNR, with ISIN DE000A1DAHH0 and LEI NNROIXVWJ7CPSR27SV97. Its security type is Corporate, its segment is DAX, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 3 filings in the twelve months to 2026-11-06, across 2 filing days. Of these, 2 are directors' dealings and 1 is a major holder filing. The median gap between filing days is 27 days. The latest filing is dated 2026-10-06 and is of type directors' dealings, which is 31 days before the record date. For Xetra, the record holds 419 issuers with a median of 6 filings, a median cadence gap of 22.8 days and a median latency of 5.5 days. Sector peer figures for DE are not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, as this register has no lifecycle type map yet. The issuer is listed and not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's own investor-relations page names 19 research houses: Baader Bank (AlphaValue), Bankhaus Metzler, Barclays, Berenberg, Citigroup, Deutsche Bank, DZ Bank, Exane BNP Paribas, Goldman Sachs, Jefferies, J.P. Morgan Cazenove, Kepler Cheuvreux, LBBW, Morgan Stanley, mwb research, Oddo BHF, UBS, Van Lanschoot Kempen and Warburg Research.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer has no sealed years on the record. The market's vintage is not sealed, and the market's earliest sealed date is not on the record. The live record began date is not on the record.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/NNROIXVWJ7CPSR27SV97 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/BNR (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/ (coverage)\n- https://mcp.de-cm-kg.ai/record/XETRA/BNR (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/BNR",
  "coverage": {
   "count": 19,
   "houses": [
    {
     "analyst": "Vitushan Vijayakumar",
     "house": "Baader Bank (AlphaValue)",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Alexander Neuberger",
     "house": "Bankhaus Metzler",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Anil Shenoy",
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Team Coverage",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Marc Van't Sant",
     "house": "Citigroup",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Tristan Lamotte",
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Peter Spengler",
     "house": "DZ Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "David Symonds",
     "house": "Exane BNP Paribas",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Suhasini Varanasi",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Marcus Dunford-Castro",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Chetan Udeshi",
     "house": "J.P. Morgan Cazenove",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Martin Roediger",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Ulle Wörner",
     "house": "LBBW",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Annelies Vermeulen",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Abed Jarad",
     "house": "mwb research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Michael Schäfer",
     "house": "Oddo BHF",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Nicole Manion",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Eric Wilmer",
     "house": "Van Lanschoot Kempen",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    },
    {
     "analyst": "Christian Cohrs",
     "house": "Warburg Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/",
     "result": "read: 19 of 40 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "directors_dealings": 2,
    "major_holder": 1
   },
   "cadence_median_gap_days": 27,
   "filing_days": 2,
   "filings": 3,
   "latency_days": 31,
   "latest": [
    {
     "category": "directors-dealings",
     "date": "2026-10-06",
     "source": "https://www.eqs-news.com/news/directors-dealings/brenntag-se-dr-claudine-mollenkopf-buy/6f55213b-0e5e-4b00-83c6-9decda633d53_en",
     "title": "Brenntag SE: Dr. Claudine Mollenkopf, buy",
     "type": "directors_dealings"
    },
    {
     "category": "directors-dealings",
     "date": "2026-10-06",
     "source": "https://www.eqs-news.com/de/news/directors-dealings/brenntag-se-dr-claudine-mollenkopf-kauf/6f55213b-0e5e-4b00-83c6-9decda633d53_de",
     "title": "Brenntag SE: Dr. Claudine Mollenkopf, Kauf",
     "type": "directors_dealings"
    },
    {
     "category": "voting-rights",
     "date": "2026-09-09",
     "source": "https://www.eqs-news.com/news/voting-rights/thomas-stahelin-dr/41ab0b70-83a5-46b1-a9d7-beab42c1718a_en",
     "title": "Brenntag SE Thomas Stähelin Dr - EQS News",
     "type": "major_holder"
    }
   ],
   "latest_filing_date": "2026-10-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/BNR",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A1DAHH0"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/NNROIXVWJ7CPSR27SV97",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A1DAHH0)",
    "state": "sourced",
    "value": "NNROIXVWJ7CPSR27SV97"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "BRENNTAG SE NA O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DAX"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "BNR"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:04cb338ff3f15c6892e240c3e79933f83dbc3e1f38db01a9ebf48ed07cb15018",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/BNR",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:04cb338ff3f15c6892e240c3e79933f83dbc3e1f38db01a9ebf48ed07cb15018",
 "path": "/de/XETRA/BNR",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is BRENNTAG SE NA O.N., listed on Xetra under ticker BNR, with ISIN DE000A1DAHH0 and LEI NNROIXVWJ7CPSR27SV97. Its security type is Corporate, its segment is DAX, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 3 filings in the twelve months to 2026-11-06, across 2 filing days. Of these, 2 are directors' dealings and 1 is a major holder filing. The median gap between filing days is 27 days. The latest filing is dated 2026-10-06 and is of type directors' dealings, which is 31 days before the record date. For Xetra, the record holds 419 issuers with a median of 6 filings, a median cadence gap of 22.8 days and a median latency of 5.5 days. Sector peer figures for DE are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, as this register has no lifecycle type map yet. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's own investor-relations page names 19 research houses: Baader Bank (AlphaValue), Bankhaus Metzler, Barclays, Berenberg, Citigroup, Deutsche Bank, DZ Bank, Exane BNP Paribas, Goldman Sachs, Jefferies, J.P. Morgan Cazenove, Kepler Cheuvreux, LBBW, Morgan Stanley, mwb research, Oddo BHF, UBS, Van Lanschoot Kempen and Warburg Research.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer has no sealed years on the record. The market's vintage is not sealed, and the market's earliest sealed date is not on the record. The live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/NNROIXVWJ7CPSR27SV97"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/BNR"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://corporate.brenntag.com/en/investor-relations/brenntag-share/analysts-opinions/"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/BNR"
  }
 ],
 "title": "BRENNTAG SE NA O.N. (BNR) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}