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Investing.com -- Activist investor Cevian Capital has acquired a stake of more than 3% in AkzoNobel, the maker of Dulux paint, according to the Financial Times.
The Swedish investment firm has built its position in the Dutch multinational company, which is known for its decorative paints and coatings products.
AkzoNobel, headquartered in Amsterdam, owns the Dulux paint brand among its portfolio of consumer and industrial coating products.
This marks a new investment target for Cevian Capital, which has a history of taking positions in European companies and pushing for strategic and operational changes to enhance shareholder value.
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