10.02.18
Akzo Nobel N.V. completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion.
"[This] is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, with market-leading positions, strong global brands, and a clear strategy to create value for all our stakeholders,” AkzoNobel CEO Thierry Vanlacker said.
“Specialty Chemicals has a strong global presence and a talented and dedicated team and I believe there is significant opportunity to drive additional growth through innovation and customer focus to build on the company's leading positions in its markets,” Specialty Chemicals CEO Charles Shaver said.
As agreed at the Nov. 30, 2017’s Extraordinary General Meeting, AkzoNobel will return the vast majority of net proceeds from the sale of Specialty Chemicals to its shareholders. Further details will be announced in due course.
"[This] is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, with market-leading positions, strong global brands, and a clear strategy to create value for all our stakeholders,” AkzoNobel CEO Thierry Vanlacker said.
“Specialty Chemicals has a strong global presence and a talented and dedicated team and I believe there is significant opportunity to drive additional growth through innovation and customer focus to build on the company's leading positions in its markets,” Specialty Chemicals CEO Charles Shaver said.
As agreed at the Nov. 30, 2017’s Extraordinary General Meeting, AkzoNobel will return the vast majority of net proceeds from the sale of Specialty Chemicals to its shareholders. Further details will be announced in due course.