Analysis of AkzoNobel to Sell Southeast Asia Decorative Paints Business to Nippon Paint for $1.35 Billion - aVenture Research
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AkzoNobel to Sell Southeast Asia Decorative Paints Business to Nippon Paint for $1.35 Billion
Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) has signed binding agreements to sell its Decorative Paints business in Southeast Asia, Papua New Guinea and Australia to Nippon Paint at an enterprise value of approximately $1.35 billion (€1.20 billion), the company announced Oct. 5. The deal concludes AkzoNobel’s review of its decorative paints portfolio in Asia. …
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