Akzo Nobel (AKZO.AS) shareholders angered by the Dutch paint maker’s rejection of a 26.3 billion-euro ($29.5 billion) takeover offer from U.S. rival PPG Industries (PPG.N) go to court on Monday seeking a pivotal...
Berger Paints, Rock Paint tie up to market automotive refinish paints
Berger Paints India Ltd on Friday said it had entered into an agreement with Rock Paint Co. Ltd of Japan to market automotive refinish paints with the aim of eventually setting up a joint venture between the two firms...
Berger enters marine paints segment, to bring in Bolix brand in India
India’s second-largest paint maker Berger Paints has entered into a partnership with Japan-based Chugoku Marine Paints (CMP) in a deal that marks the former’s entry into the marine paints segment. While...
JSW Group to invest Rs 1,000 cr in paints units, take on Asian Paints
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...
