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AkzoNobel Confirms U.K. Paints Sale to Endless

1:23 AM MDT | August 20, 2008 | Natasha Alperowicz

AkzoNobel says it has agreed to sell its Crown Paints decorative paints business in the U.K. and Ireland to Endless Investments (Leeds, U.K.), a private equity house. AkzoNobel has also agreed a deal to sell two Belgian brands to Rieu Investissements (Bondoufle, France), a French producer of coatings. AkzoNobel was forced to sell these assets as a condition of the EU antitrust authorities approval of its takeover of ICI in January 2008.   In the U.K. and Ireland the transaction includes the manufacturing and warehouse sites in Darwen...

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