What is the proposed acquisition amount and target business in Nippon Paint's offer to AkzoNobel?

Nippon Paint has proposed a €7.5 billion acquisition of AkzoNobel's decorative paints business, as announced on July 13.

How did AkzoNobel respond to Nippon Paint's acquisition proposal?

AkzoNobel confirmed it received Nippon Paint's 'multiple conditional and non-binding proposals' for acquiring its decorative paints business, but stated the offer 'significantly undervalues' that business; its Management Board and Supervisory Board continue to unanimously recommend the equal merger with U.S.-based Axalta Coating Systems.

Nippon Paint Proposes €7.5 Billion Acquisition of AkzoNobel Decorative Paints Business

Jul 16, 2026

Nippon Paint submitted a €7.5 billion offer to acquire AkzoNobel's decorative paints business, but AkzoNobel rejected the bid as undervalued and recommended a merger with Axalta instead.

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