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Akzo Nobel repaints business with 10bln euro sale

Tuesday, March 27, 2018 - 01:12

Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), including debt. As Sonia Legg reports, the Dutch firm first announced plans to sell the business last April as it looked to evade a takeover from rival PPG Industries.

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Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), including debt. As Sonia Legg reports, the Dutch firm first announced plans to sell the business last April as it looked to evade a takeover from rival PPG Industries.

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Akzo Nobel repaints business with 10bln euro sale

Tuesday, March 27, 2018 - 01:12