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...“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....
...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....
...In the centre of a black hole, the rules of nature do not apply, Golding said in his Nobel Prize for Literature acceptance speech in 1983....
...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....
...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....
...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....
...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...
...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....
...PPG attempted an audacious €27bn hostile takeover of its Dutch rival Akzo Nobel last year, but ended up withdrawing rather than take its offer direct to Akzo’s shareholders following a protracted and bitter...
...A deal for the Akzo Nobel unit would be one of the largest European private equity deals in recent years....
...US private equity giant Apollo has teamed up with one of the Netherlands' largest pension funds as co-investors to buy a piece of Akzo Nobel's business as it looks to position itself as a viable Dutch option...
...Some of the largest private equity groups are jockeying to buy a large chunk of Dutch paint maker Akzo Nobel for as much as €10bn, the latest sign buyout funds are itching to deploy large sums of cash....
...In the Netherlands, a green energy purchasing consortium formed by Google, Philips, Akzo Nobel Specialty Chemicals and nutritional supplement supplier DSM began receiving power from a wind farm this year...
...US private equity group Apollo has teamed up with one of the Netherlands’ largest pension funds as co-investors to buy a piece of Akzo Nobel’s business as it looks to position itself as a viable Dutch option...
...Carlyle wins fight for Akzo Nobel speciality chemicals arm A group of investors led by US buyout giant Carlyle agreed to pay €10.1bn including debt for Akzo Nobel’s specialty chemicals unit after months...
...Either the rise in Axalta’s shares, already rated higher than Akzo’s, has been over-exuberant or Akzo is set to pay a premium to its own valuation and rely on cost savings to justify it....
...Dutch paintmaker Akzo Nobel and activist investor Elliott Advisors have called a legal truce of at least three months in a long-running feud over a €27bn takeover approach....
...In a separate announcement on Friday Akzo Nobel said the chief financial officer Maelys Castella was stepping down due to health reasons....
...Shares in Akzo were up 0.7 per cent to €78.04 on Monday....
...That was apparent in a €10.1bn deal, including debt, clinched this week between Carlyle and Dutch paint maker Akzo Nobel for the latter’s speciality chemicals business....
...Akzo Nobel and its US rival Axalta confirmed they had ended discussions over a possible combination that first became public in October....
...Akzo Nobel, the Dutch paintmaker under pressure from the hedge fund Elliott, has posted second-quarter core earnings below market expectations but said it was still on track for the figure to be €100m higher...
...Akzo is examining a potential listing or sale of its specialty chemicals unit, which makes everything from table salt to bleaching agents on an annual revenue of €4.8bn....
...In response, Axalta and Akzo announced late on Tuesday that they had terminated discussions about a merger after failing to reach terms....
...But the bitter €27bn struggle over Akzo Nobel has clearly had an impact on the health of Ton Büchner, chief executive, who announced his resignation on Wednesday....
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