Akzo to Sell U.K. Paint Assets to Secure ICI Deal

Akzo Nobel says it plans to divest most of its decorative paints business in the U.K. and Ireland to secure European Commission approval for the company’s planned £8.1-billion ($16.7 billion) acquisition of ICI. The commission says it has extended the deadline of its competition review of the deal from November 30 until December 14, to evaluate Akzo’s proposals. The acquisition of ICI is still due to close on schedule on January 2, Akzo says. Akzo says the assets it plans to divest include a decorative paints brand in Belgium. Akzo sells...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers