Nippon Paint Holdings Co Ltd (4612.T)
22 May 2019
ISTANBUL An agreement has been signed on the sale of Turkish paint manufacturer Betek Boya to Japan's Nippon Paint Holdings Co., financial services firm Unlu & Co said on Friday.
SYDNEY/TOKYO Japan's Nippon Paint Holdings Co Ltd has proposed buying Australia's biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom there falters.
* Nippon Paint shares drop to month low (Adds analyst quote, deal funding and Tokyo dateline; updates shares)