Akzo Nobel NV Akzonobel To Sell Decorative Paints South East Asia Business To Nippon Paint For $1.35 Billion

By Reuters News

Oct 4 (Reuters) - Akzo NobelAKZO.AS:

  • AKZO NOBEL NV: AKZONOBEL TO SELL DECORATIVE PAINTS SOUTH EAST ASIA BUSINESS TO NIPPON PAINT FOR $1.35 BILLION

  • AKZO NOBEL NV: NET CASH PROCEEDS, AFTER TAXES AND MINORITY PARTNERS, ARE EXPECTED TO BE APPROXIMATELY $1 BILLION (EUR 0.9 BILLION)

  • AKZONOBEL: AGREEMENTS ENCOMPASS CO'S PAINTS BUSINESS IN 7 COUNTRIES: VIETNAM, INDONESIA, MALAYSIA, THAILAND, SINGAPORE, PAPUA NEW GUINEA, AUSTRALIA

Source text: [ID:https://tinyurl.com/yjpx3su6]

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