AkzoNobel shares rise 2% in early trading after sale announcement
The Dutch paintmaker’s shares gained 2% in early trading following its announcement of a planned €1.2 billion sale to Nippon Paint.
What has changed? · 05/10/2026, 07:28 UTC
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AkzoNobel says it is selling its decorative-paint businesses in Southeast Asia, Papua New Guinea and Australia to Japan’s Nippon Paint for about $1.35bn (€1.2bn), according to an ANP report published by Nieuws.nl. The businesses are in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia. [1]
AkzoNobel expects to retain about €900m after taxes and payments to minority shareholders. The Indonesian sale is expected to close by the end of 2026, while most of the other transactions are expected to close around mid-2027, subject to regulatory approval. [1]
AkzoNobel has previously sold its decorative-paint businesses in India and Pakistan. It says it will now focus more closely on its planned merger with US-based Axalta. [1]
Update
AkzoNobel shares rose 2% in early Amsterdam trading on Monday after the Dutch paintmaker announced plans to sell its decorative-paint businesses in Southeast Asia and Australia to Japan’s Nippon Paint for €1.2 billion, ANP reported via Nieuws.nl. [2]
The wider AEX index was up 0.6% at 1,123.24 points in early trading, while the MidKap edged down to 1,068.13 points. [2]
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