IHS Chemical Week

Regions :: Western Europe :: Netherlands

AkzoNobel Writes Down Former ICI Assets, Posts a Big Fourth-Quarter Net Loss

10:27 AM MST | March 2, 2009 | IAN YOUNG

AkzoNobel reported a net loss of €1.5 billion ($1.9 billion) for the fourth quarter of 2008, compared with a €56-million profit in the year-earlier period. The loss includes an impairment charge of €1.2 billion covering a write-down of the former ICI decorative paints and National Starch businesses, AkzoNobel says. AkzoNobel acquired ICI for £8.1 billion ($11.6 billion) at the start of 2008. The deal made AkzoNobel the biggest producer of decorative paints. The decorative paints business has since been severely impacted by the housing slump...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa