Investor Artisan Partners is unhappy with Axalta Coating Systems’ plans to combine with AkzoNobel in an all-stock deal that will create a paint industry giant with an enterprise value of $25 billion. “As an...
Akzo Nobel buys Axalta to build $25 bn paint company
Akzo Nobel NV agreed to acquire smaller rival paint maker Axalta Coating Systems Ltd. in a deal that will create a US-listed leader with combined annual sales of almost $17 billion. Under the agreement, which confirmed...
Akzo Nobel in talks to merge with Axalta Coating: Report
Dulux paint maker Akzo Nobel NV is in talks to merge with paintmaker Axalta Coating Systems, Bloomberg News reported on Monday, citing sources familiar with the matter. Shares of Axalta were up 14% in after-market...
JSW Paints to raise ₹3,300cr to fund AkzoNobel India buy
JSW Paints plans to raise ₹3,300 crore on Friday through non-convertible debentures to help finance its planned acquisition of AkzoNobel India, according to people familiar with the matter. The bond issue is part of a...
India’s CCI clears major merger in paints and coating industry – JSW Paints | Akzo Nobel India
India’s Competition Commission(CCI) has cleared JSW Paints Ltd.’s plan to acquire as much as 75% of Akzo Nobel India Ltd., a deal that would reshape the South Asian nation’s paints and coatings market. According to a...
JSW Paints seeks CCI nod to acquire majority stake in Akzo Nobel India for Rs 12,915 cr
Sajjan Jindal-led JSW Paints has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in Dutch paint maker Akzo Nobel’s India unit in a Rs 12,915-crore deal. The development...
Asian Paints sells entire stake in Akzo Nobel India
Asian Paints said on Wednesday it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel India via bulk deals. Asian Paints, India’s largest paintmaker by market share...
Asian Paints acquires 40% stake in White Teak
Asian Paints said that it has acquired balanced 40% stake in Obgenix Software (White Teak) from its promoters, Pawan Mehta, Gagan Mehta for total consideration of Rs 188 crore. The acquisition of the remaining stake in...
JSW Paints to buy Akzo Nobel India for Rs 9000 cr, announcement today
JSW Paints has agreed to acquire Akzo Nobel’s India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic...
Reliance Industries sells 3.64% stake in Asian Paints for Rs 7,703 crore
Billionaire Mukesh Ambani-led Reliance Industries on Thursday divested a 3.64 per cent stake in Asian Paints, while SBI Mutual Fund picked up the shares for Rs 7,703 crore through an open market transaction. Reliance...
Dulux Duel: JSW Paints, Advent-Indigo in race to acquire Akzo India
Sajjan Jindal-led JSW Paints is competing with a consortium of Advent International and Indigo Paints to acquire Akzo Nobel India, the owner of Dulux Paints, from its Dutch parent Akzo Nobel NV, which is looking to exit...
PE giant Blackstone joins race to acquire Akzo Nobel paints business
American private equity giant Blackstone Inc. has entered the race to acquire the paints business of Akzo Nobel, which sells its products under the ‘Dulux’ brand. JSW Group and Pidilite have also shown interest in the...
