The Sajjan Jindal family is investing Rs 1,000 crore to build two factories to enter the Asian Paints-dominated paints segment and is targeting an April 2018 launch, a senior official has said. “We are planning to...
Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals
Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion-euro ($22 billion) bid from larger U.S. rival PPG Industries Inc (PPG.N) on Thursday, saying instead it wanted to “unlock value”...
Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals
Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion-euro ($22 billion) bid from larger U.S. rival PPG Industries Inc (PPG.N) on Thursday, saying instead it wanted to “unlock value”...
Akzo Nobel explores sale, merger with peer: sources
Dutch paint maker Akzo Nobel NV (AKZO.AS) is exploring a sale or merger with a peer, and is in talks with companies including U.S. coatings manufacturer PPG Industries Inc (PPG.N), people familiar with the matter said...
Sheenlac Paints may buy out Jenson and Nicholson’s stake in JV
Sheenlac Paints Ltd, which entered into a 49:51 joint venture (JV) with Jenson and Nicholson India Ltd last year, may seek to buy out its partner once the JV company scales up its revenue to Rs350 crore in five years...
Asian Paints to acquire Sri Lanka’s Causeway Paints
India’s largest paints company Asian Paints Ltd on Thursday said it has agreed to acquire Sri Lanka’s Causeway Paints Lanka (Pvt.) Ltd in an all-cash deal. In a stock exchange filing, Asian Paints said its Singapore...
PPG to buy Deutek
PPG Industries Inc : * PPG Industries Inc says financial terms were not disclosed * PPG Industries Inc says has reached an agreement with emerging Europe accession fund to acquire Deutek S.A. * PPG reaches agreement to...
Berger Intl to sell entire stake in Malaysia unit
Coatings producer Berger International will sell its entire stake in loss making Malaysia-based subsidiary Berger International Sdn Bhd to Royalton Holdings for about 616,500 Singapore dollars (nearly Rs 2.07 crore)...
Berger to divest Malaysian stake
Asian Paints’ 100 per cent subsidiary Berger International, Singapore, has signed a conditional share purchase agreement to divest its entire shareholding in Berger International Sdn. Bhd., Malaysia, for RM...
Asian Paints – Updates on Scheme of Amalgamation
Asian Paints Ltd has informed BSE that Honorable Bombay High Court has vide its Order dated July 24, 2009, has sanctioned the scheme of amalgamation of Technical Instruments Manufacturers (India) Ltd (TIML), wholly...
Sherwin-Williams paint company to buy Valspar for $9.3 billion
The Sherwin-Williams Co (SHW.N) has agreed to acquire rival U.S. paint company Valspar Corp (VAL.N), the companies said on Sunday, in an all-cash deal valued at about $9.3 billion. Sherwin-Williams will pay $113 a...
Kansai Nerolac Paints ties up with Flipkart for festive season
MUMBAI: Kansai Nerolac PaintsBSE 3.09 % today said it has entered into a strategic marketing tie-up with leading e-tailer Flipkart ahead of festive season. The interactive consumer interface will allow one to browse...
