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    Home > Coatings News > Paints and Coatings Market > The Carlyle Group offers Akzo 5.3 billion euros to sell Axalta coatings

    The Carlyle Group offers Akzo 5.3 billion euros to sell Axalta coatings

    • Last Update: 2021-10-06
    • Source: Internet
    • Author: User
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    Global Coatings Network News:

    Global Coatings Network News:

    Recently, Carlyle (The Carlyle Group) offered Akzo Nobel CEO Ton Büchner a price of 5.
    3 billion euros for the sale of Axalta coatings.
    In addition to Akzo Nobel, Sherwin-Williams also has this acquisition intention.

    Although on the one hand, such a large acquisition fund does not meet Akzo's recent tightened financial budget, on the other hand, if the acquisition is successful, it will greatly promote Akzo's business expansion in the American market.

    Axalta is part of the private equity giant Carlyle Group (Washington), formerly known as the DuPont Automotive Coatings Division.
    In February 2013, the Carlyle Group acquired it for 3.
    7 billion euros and holds a 99.
    5% stake.

    At present, the parties have not issued any statements on this matter.
    (Source: Global Coatings Network) (For more information, please log in: Global Coatings Network
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