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Akzo Nobel NV
Dulux owner Akzo to cut jobs and European production
...Dulux owner Akzo Nobel plans to slash jobs and European production as the region’s manufacturers struggle with soaring costs that could lead to a string of factory closures....
February 8, 2023
Leadership
It was Singaporean SWF supremacy at the FT Alphaville Pub Quiz — but how would you have done?
...Which countries did the first winners of The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel hail from?...
April 10, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Akzo Nobel NV
Akzo warns of painter scarcity as it backs robot to ease labour crunch
...Dulux owner Akzo Nobel has warned of a “big scarcity” of painters and decorators exacerbated by Brexit and the Covid-19 pandemic as the group backs a start-up developing a paint robot to ease the labour...
November 28, 2022
Akzo Nobel NV
Akzo suspends profit guidance on uncertainty over demand
...Akzo Nobel has warned that falling consumer confidence triggered by the crisis in China’s real estate market is adding to economic headwinds, as Europe’s biggest paint maker suspended its profit guidance...
October 20, 2022
Akzo Nobel NV
Akzo Nobel hit by China lockdowns and drop in European demand
...Europe’s biggest paint maker Akzo Nobel has missed second-quarter earnings forecasts after it was hit by Covid lockdowns in China and falling demand in Europe....
July 20, 2022
Akzo Nobel NV
Akzo Nobel warns of disruption from US truck driver shortage
...Thierry Vanlancker, Akzo Nobel’s chief executive, said the company’s business in North America had been hit by supply constraints due in part to the absence of truckers....
April 21, 2022
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Akzo Nobel NV
Akzo Nobel expects Russian operations to fold in weeks
...Akzo Nobel has four paint plants in Russia, supplying both residential and industrial customers....
March 14, 2022
Art in the Americas
Gallerist Nicola Vassell considers the Caribbean context
...The booth is titled The Enigma of Arrival in reference to the 1987 novel by the late Trinidadian-born British Nobel laureate VS Naipaul, a canonical figure in postcolonial studies....
November 25, 2022
Akzo Nobel NV
Akzo Nobel warns prices to rise up to 16%
...Europe’s biggest paint maker Akzo Nobel has warned that prices will rise as much as 16 per cent in the first three months of the year, but said raw material costs had peaked thanks to a slowdown in China...
February 9, 2022
Akzo Nobel NV
Paint prices to soar as cost of raw materials and supply delays rises
...His comments came as Akzo Nobel reported weaker than expected adjusted operating income of €241m in the third quarter, despite revenues rising 6 per cent to €2.4bn....
October 20, 2021
News in-depthSupply chains
Gloomy picture for paint highlights depth of supply chain crisis
...“You don’t remember what you paid last year for paint,” said Maarten de Vries, chief financial officer of Akzo Nobel. However, other executives closer to the customer fear demand will weaken....
November 8, 2021
Akzo Nobel NV
Europe’s largest paint maker Akzo Nobel warns on price rises
...Europe’s largest paint maker Akzo Nobel put customers on notice for further price rises on Wednesday because of strong demand and supply chain disruptions that have pushed up the cost of raw materials....
April 21, 2021
Akzo Nobel NV
Paint manufacturer Akzo Nobel offers €1.4bn for Tikkurila
...Dutch paints and coatings manufacturer Akzo Nobel has offered to buy Finland’s Tikkurila for €1.4bn in an attempt to trump a rival bid by US-based PPG Industries....
January 18, 2021
Elliott Management Corp
Elliott pushes for cost cuts and asset overhaul at insurer NN
...Elliott, known for its high-profile campaigns at AT&T, Akzo Nobel and Pernod Ricard, took a 3 per cent stake in NN in February. The shares have lost almost a quarter of their value since then....
June 12, 2020
Private equity
TV ratings group Nielsen attracts bid interest from Madison Dearborn
...In Europe, Washington-based buyout group Carlyle bought Akzo Nobel’s speciality chemicals unit in a €10.1bn deal, including debt — the largest transaction in more than a decade in the continent....
November 29, 2018
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Elliott Management Corp
Elliott Management reveals stake in Dutch insurer NN Group
...Elliott attracted attention in the Netherlands for its bitter — and ultimately unsuccessful — battle to try to force paint maker Akzo Nobel into takeover talks in 2017....
February 20, 2020
US & Canadian companies
Carlyle wins fight for Akzo Nobel speciality chemicals arm
...Carlyle, the US private equity group, and Singapore’s sovereign wealth fund GIC have won a fight to buy the speciality chemicals arm of Dutch paint maker Akzo Nobel for €10.1bn including debt....
March 27, 2018
Akzo Nobel NV
Ex-AkzoNobel specialty chemicals unit predicts single-digit growth
...Nouryon, the Dutch specialty chemicals group formerly owned by paintmaker Akzo Nobel, forecast growth in annual revenue and profit for this year as it posted a “solid” rise in both for 2018....
May 1, 2019
Akzo Nobel NV
Akzo Nobel boss optimistic over hitting financial targets
...The chief of Europe’s biggest paintmaker Akzo Nobel, which rejected a €27bn takeover offer in 2017, has insisted that the company can achieve the ambitious financial target promised during its defence campaign...
January 2, 2019
Akzo Nobel NV
Akzo confident of meeting takeover defence pledge
...The Dutch paint and coatings company behind the Dulux brand, Akzo Nobel, said it was on course to achieve an ambitious financial target despite a fall in annual operating profits because of a hit from a...
February 13, 2019
News in-depthEuropean companies
US hedge funds join chorus for change at Europe’s conglomerates
...This was demonstrated when Dutch paintmaker Akzo Nobel faced a revolt among top shareholders after it rejected a €27bn takeover bid last year....
August 21, 2018
European companies
Akzo Nobel confirms ‘milestone’ chemicals deal with Carlyle and GIC
...“Today is a key milestone in creating two focused, high performing businesses, to generate value for all stakeholders,” said Akzo Nobel CEO Thierry Vanlancker....
March 27, 2018
Mergers & Acquisitions
Akzo Nobel chairman retires after PPG takeover battle
...Akzo Nobel’s stance sparked a chorus of investor dissent, with a number of shareholders, led by the hedge fund Elliott Advisors, publicly urging it to the negotiating table....
March 5, 2018
Mergers & Acquisitions
Carlyle wins auction to acquire Akzo Nobel’s speciality chemicals arm
...A deal for the Akzo Nobel unit would be one of the largest European private equity deals in recent years....
March 27, 2018
LexEuropean companies
Ahold Delhaize: on the defensive Premium content
...The existence of one at Akzo Nobel emboldened the chemicals group’s board to rebuff the advances of US rival PPG, to the chagrin of many investors....
April 5, 2018

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