UK DIY News
Nippon Paints Makes Offer for AkzoNobel's Decorative Paints Business
AkzoNobel notes the recent comments in the media and confirms it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. (“Nippon Paint”) regarding the potential acquisition of AkzoNobel’s Decorative Paints business (the "Proposal") at an indicative enterprise valuation of €7.5 billion (on a cash-free and debt-free basis).
The Nippon Paint Proposal constitutes an Alternative Proposal, as defined in the merger agreement between AkzoNobel and Axalta Coating Systems Ltd. ("Axalta"), restricting AkzoNobel from any engagement. It also significantly undervalues AkzoNobel’s Decorative Paints business, as previously communicated to Nippon Paint.
The Board of Management and the Supervisory Board of AkzoNobel (the “Boards”) continue to unanimously recommend the merger of equals between AkzoNobel and Axalta, taking into account the compelling strategic rationale and benefits as set out in the AkzoNobel and Axalta joint press release of November 18, 2025.
Further announcements will be made if and when appropriate.
Source : AkzoNobel
Image : AkzoNobel
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