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Akzo Nobel NV (AKZO.AS)

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Latest Key Developments (Source: Significant Developments)

Carlyle Group and GIC Appoint Charles Shaver As CEO For Akzonobel Specialty Chemicals
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Carlyle Group::CO & GIC APPOINT CHARLES SHAVER AS NEW CEO FOR AKZONOBEL SPECIALTY CHEMICALS PENDING COMPLETION OF SALE.UPON COMPLETION OF SALE, CEO OF SPECIALTY CHEMICALS, WERNER FUHRMANN WILL RETURN TO RETIREMENT.  Full Article

AkzoNobel Acquires Fabryo Corporation In Romania
Monday, 18 Jun 2018 

June 18 (Reuters) - AKZO NOBEL NV ::AKZONOBEL TO ACHIEVE NUMBER ONE POSITION IN ROMANIA WITH ACQUISITION OF FABRYO.HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF THE SHARES OF FABRYO CORPORATION.TRANSACTION IS EXPECTED TO BE COMPLETED IN THE SECOND HALF OF 2018.  Full Article

AkzoNobel Specialty Chemicals Expands Organic Peroxide Capacity In India
Wednesday, 23 May 2018 

May 23 (Reuters) - AkzoNobel Specialty Chemicals::AKZONOBEL SPECIALTY CHEMICALS EXPANDS ORGANIC PEROXIDE CAPACITY IN INDIA.AKZONOBEL SPECIALTY CHEMICALS - FOUR MILLION EUROS INVESTMENT WILL INCREASE CAPACITY BY 80 PERCENT; EXPANSION EXPECTED TO BE COMPLETED BY 2018 END.AKZONOBEL SPECIALTY CHEMICALS - CO ALSO INVESTING IN MONOCHLOROACETIC ACID PROJECT JOINTLY WITH ATUL IN GUJARAT, DUE TO START PRODUCTION IN 2019.  Full Article

Akzonobel FY EBIT at EUR 1.53 Billion; Reconfirms Financial Guidance For 2020
Thursday, 8 Mar 2018 

March 8 (Reuters) - Akzo Nobel Nv ::REG-AKZONOBEL DELIVERS IMPROVED RESULTS FOR 2017; RECONFIRMS FINANCIAL GUIDANCE FOR 2020.TOTAL DIVIDEND PER SHARE PROPOSED FOR 2017 UP 52% TO EUR 2.50.2020 FINANCIAL GUIDANCE RECONFIRMED.FY NET INCOME ATTRIBUTABLE TO SHAREHOLDERS AT EUR 832 MILLION (2016: EUR 970 MILLION).FY REVENUE, INCLUDING DISCONTINUED OPERATIONS, UP 3% (UP 4% EXCLUDING CURRENCY IMPACT) AT EUR 14,575 MILLION.HEADWINDS EXPERIENCED DURING 2017 ARE PROJECTED TO CONTINUE IN 2018.FY EBIT(1), INCLUDING DISCONTINUED OPERATIONS, UP 2% TO EUR 1,525 MILLION.ANTICIPATES ONGOING POSITIVE DEVELOPMENTS FOR DECORATIVE PAINTS IN ALL REGIONS, PARTICULARLY ASIA.OUTLOOK AKZONOBEL PAINTS AND COATINGS: HEADWINDS EXPERIENCED DURING 2017, ARE PROJECTED TO CONTINUE IN 2018.  Full Article

AkzoNobel Selects Nils Andersen As Next Chairman Of Supervisory Board
Monday, 5 Mar 2018 

March 5 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL SELECTS NILS ANDERSEN AS NEXT CHAIRMAN OF SUPERVISORY BOARD.  Full Article

Consortium Of Air Liquide, AkzoNobel Specialty Chemicals, Enerkem And Port Of Rotterdam Sign Project Development Agreement
Friday, 16 Feb 2018 

Feb 16 (Reuters) - AKZO NOBEL NV ::PARTNERS AGREE ON INITIAL FUNDING TO KICK OFF WASTE-TO-CHEMISTRY PROJECT IN ROTTERDAM.‍INITIAL INVESTMENTS COVERING DETAILED ENGINEERING, SETUP UP OF A DEDICATED JOINT VENTURE AND COMPLETING PERMITTING PROCESS, WILL BE WORTH EUR 9 MLN​‍​.CONSORTIUM OF AIR LIQUIDE, AKZONOBEL SPECIALTY CHEMICALS, ENERKEM AND PORT OF ROTTERDAM SIGNED PROJECT DEVELOPMENT AGREEMENT.‍CONSORTIUM AIMS TO TAKE FINAL INVESTMENT DECISION (FID) FOR ESTIMATED EUR 200-MLN PROJECT LATER IN 2018​.  Full Article

AkzoNobel And Evonik Start Up Joint Venture Plant
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - AKZO NOBEL NV ::AKZONOBEL AND EVONIK START UP JOINT VENTURE PLANT FOR CHLORINE AND POTASSIUM HYDROXIDE‍​.SITE'S NEW PRODUCTION PROCESS TO RESULT IN LESS ENERGY USE, LOWER COSTS AND FEWER CO(2) EMISSIONS.FACILITY TO PRODUCE UP TO 120,000 METRIC TONS OF POTASSIUM HYDROXIDE AND 75,000 METRIC TONS OF CHLORINE PER YEAR.  Full Article

Akzo Nobel Confirms Financial Guidance For 2020
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - AKZO NOBEL NV ::AKZONOBEL DELIVERS ANOTHER YEAR OF INCREASED EBIT FOR 2017; ON TRACK TO CREATE TWO FOCUSED BUSINESSES; RECONFIRMS 2020 FINANCIAL GUIDANCE.FULL SEPARATION OF SPECIALTY CHEMICALS, EITHER VIA PRIVATE SALE OR LEGAL DEMERGER, REMAINS ON TRACK FOR APRIL.REVENUE, INCLUDING DISCONTINUED OPERATIONS, FOR FULL-YEAR 2017 EXPECTED TO BE UP 3%.‍AKZONOBEL ALSO CONFIRMS FINANCIAL GUIDANCE FOR 2020*: PAINTS AND COATINGS 15% ROS, ROI >25%; SPECIALTY CHEMICALS 16% ROS, ROI >20%, REFLECTING CONTINUED GROWTH IN PROFITABILITY​.AKZO NOBEL - EBIT, INCLUDING DISCONTINUED OPERATIONS, FOR FULL-YEAR 2017 EXPECTED TO BE AROUND EUR 1,525 MILLION (2016: EUR 1,502 MILLION).ALSO CONFIRMS FINANCIAL GUIDANCE FOR 2020.‍TRANSFORMATION OF AKZONOBEL INTO FOCUSED PAINTS AND COATINGS COMPANY, INCLUDING SEPARATION OF SPECIALTY CHEMICALS, IS PROGRESSING WELL​.REVENUE, INCLUDING DISCONTINUED OPERATIONS, FOR FULL-YEAR 2017 EXPECTED AT AROUND EUR 14,575 MILLION.‍TRANSFORMATION ASSOCIATED ONE-OFF COSTS ARE WITHIN EXPECTATIONS​.‍PHASE ONE OF CREATING FIT FOR PURPOSE PAINTS AND COATINGS ORGANIZATION, IS ON TRACK TO ACHIEVE EUR 110 MILLION SAVINGS IN 2018​.  Full Article

AkzoNobel Appoints Renier Vree As CFO For Specialty Chemicals
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - AKZO NOBEL NV ::AKZONOBEL APPOINTS RENIER VREE AS CFO FOR SPECIALTY CHEMICALS.APPOINTED RENIER VREE AS CFO, EFFECTIVE MARCH 1, 2018.  Full Article

Arcadis' CFO, Renier Vree, Resigns To Join Akzonobel Specialty Chemicals As CFO
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - ARCADIS NV ::ARCADIS CHIEF FINANCIAL OFFICER RESIGNS.RESIGNATION OF RENIER VREE, CHIEF FINANCIAL OFFICER (CFO) AND MEMBER OF EXECUTIVE BOARD, EFFECTIVE MARCH 1(ST), 2018..RENIER VREE, HAS DECIDED TO JOIN AKZONOBEL SPECIALTY CHEMICALS AS CHIEF FINANCIAL OFFICER (CFO).  Full Article

EU mergers and takeovers (Aug 21)

BRUSSELS, Aug 21 The following are mergers under review by the European Commission and a brief guide to the EU merger process: