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...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....
...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....
...It is targeting 54 chemicals companies including DuPont, 3M, Dow, Eastman Chemical, Air Liquide, Akzo Nobel, BASF, Bayer and Solvay....
...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....
...“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....
...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....
...Nouryon, the former chemicals arm of Akzo Nobel that was acquired by US buyout firm Carlyle in 2018 in a €10bn deal, is also set to go public....
...The bosses of paint companies PPG and Akzo Nobel both said they wanted to buy Asian rivals after the Fortune 500 company beat its Dutch rival to the €1.5bn acquisition of Finland’s Tikkurila in February....
...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....
...Multinational companies that have already repaid loans include ABB, Johnson Controls, Akzo Nobel, Chemring, Telefónica Europe, Chanel and CNH Industrial....
...Last year three of the largest European private equity deals took place outside Britain, including Washington-based Carlyle’s €10.1bn acquisition of Akzo Nobel’s speciality chemicals business in the Netherlands...
...Last year, Ms Bain played a leading role in Carlyle’s €10.1bn buyout of Akzo Nobel’s speciality chemicals business....
...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....
...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....
...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....
...Akzo Nobel confirmed a share buyback of up to €2.5bn would be completed by the end of the year, fulfilling a promise to return the vast majority of proceeds from the speciality chemicals disposal....
...Akzo has returned most of the net proceeds from the €10bn disposal this year of its speciality chemicals division....
...Axalta first entered talks with Dutch rival Akzo Nobel in October 2017 over a potential $30bn merger between the two companies....
...The Netherlands-based group was sold by the paintmaker Akzo Nobel last year for €10bn to a consortium also including the Singapore’s sovereign wealth fund GIC....
...Nobel....
...company Akzo Nobel; Rafael del Pino, chairman of transporter Ferrovial; and Leif Johansson, chairman of pharmaceutical company AstraZeneca....
...Dutch paint maker Akzo Nobel has confirmed that it has wrapped up a deal to sell its specialty chemicals unit to US private equity group Carlyle and Singaporean investment fund GIC for an enterprise value...
...Carlyle, the US private equity group, has prevailed in a competitive auction to acquire the speciality chemicals arm of Dutch paint maker Akzo Nobel in a deal for the unit which was expected to fetch as...
...This was demonstrated when Dutch paintmaker Akzo Nobel faced a revolt among top shareholders after it rejected a €27bn takeover bid last year....
...Nobel’s speciality chemicals arm....
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