AkzoNobel

The past year has been a period of major change for AkzoNobel (Amsterdam). Two large-scale merger and acquisition (M&A) deals—the €11-billion ($14.7 billion) divestment of its pharmaceuticals business in late 2007 and the £8.1-billion ($12.1 billion) acquisition of ICI at the start of 2008—transformed the company in a short space of time, establishing it as a dedicated producer of paints and specialty chemicals with annual sales of more than €14.4 billion. The company’s decorative paints and performance coatings businesses...

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