AkzoNobel confirms talks about potential merger with Axalta

AkzoNobel confirms talks about potential merger with Axalta

6:06 AM, 30th October 2017
AkzoNobel-headquarters
AkzoNobel headquarters building in Amsterdam, Netherlands. (File photo)

AMSTERDAM, NETHERLANDS: AkzoNobel NV has confirmed that it is currently in constructive discussions regarding a merger of the AkzoNobel paints & coatings business with Axalta Coating Systems. This will create a leading global paints & coatings company through a merger of equals.

AkzoNobel confirms that its separation of speciality chemicals, including the return of the vast majority of net proceeds to shareholders, remains on track for April 2018 and is unaffected by these discussions.

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