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People & Business :: M&A

Akzo Covers New Regions with ICI Acquisition

1:12 PM MDT | August 29, 2007 |

Kate Phillips

Key to Akzo Nobel’s planned purchase of ICI are the strengthening of its market share in the architectural paint sector and the further expansion of its geographical presence, especially in China, analysts say. The £8.1-billion ($16.1 billion) deal, which is expected to close by year-end, also further strengthens Akzo’s position as the largest paintmaker worldwide. Under an exclusive agreement with Akzo, Henkel has agreed to buy ICI subsidiary National Starch and Chemical’s adhesives and electronics materials businesses following...

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