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A €10.1 billion deal to close by year-end.
March 28, 2018
By: TOM BRANNA
Editor
AkzoNobel sold 100% of its specialty chemicals business to The Carlyle Group and GIC for €10.1 billion ($12.6 billion). This transaction creates two focused and high performing businesses – Paints and Coatings, and Specialty Chemicals – as part of its strategy announced in April 2017. The transaction is expected to be completed before the end of 2018. “[March 27] is a key milestone in creating two focused, high performing businesses, to generate value for all stakeholders. We deliver...
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