Sto SE & Co. KGaA (DB:STO3) agreed to acquire 49.8% stake in JONAS Farbenwerke GmbH & Co. KG from Rouenhoff family on October 11, 2017. On completion, the shareholders of JONAS Farbenwerke, the Rouenhoff family and Sto SE will develop JONAS Farbenwerke under the leadership of Managing Director Axel Rouenhoff. The transaction is subject to approval by the Federal Cartel Office. The transaction is expected to close on December 31, 2017.