Akzo Nobel N.V. proposes acquisition of Powder Coatings operations from Indian subsidiary

Published 24/02/2025, 19:10
© Reuters.

Investing.com -- Akzo Nobel (OTC:AKZOY) N.V., a leading global paints and coatings company, has announced its intention to acquire the Powder Coatings operations and International Research Center from Akzo Nobel India (NSE:AKZO) Limited, its publicly traded subsidiary. The proposed deal also includes the transfer of intellectual property for the local Decorative Paints business to the Indian branch.

Upon successful execution of the proposed transactions, AkzoNobel India will focus more on its liquid paints and coatings operations. This will also enable the company to operate independently in terms of brand and technology within the core Decorative Paints business.

The Board of Directors of AkzoNobel India has given a green light to the offer from Akzo Nobel N.V. However, the final execution of the transactions is pending approval from AkzoNobel India’s shareholders and the Supervisory Board of Akzo Nobel N.V.

In the upcoming weeks, AkzoNobel India will initiate a process to seek the consent of its shareholders. The voting process is expected to reach a conclusion approximately one month later.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.