18 articles
AkzoNobel maintained its 2026 earnings guidance despite Q3 net loss narrowing, citing organic sales growth and margin expansion. The company expects its merger with Axalta to close in early 2027 follo
AkzoNobel and Axalta are nearing regulatory approval for their $25 billion merger after agreeing to sell specific regional units to antitrust authorities. The deal is expected to close in early 2027 f
AkzoNobel narrowed its Q3 net loss by 8.2% despite wider operating losses driven by Russian deconsolidation and divestments. The company confirmed its merger with Axalta is on track to form Axanzo in
Covestro is reducing its polycarbonate operations in Antwerp, while paint giants AkzoNobel and Axalta plan to merge into a $25 billion entity named Axanzo by early next year.
AkzoNobel and Axalta proposed selling their vehicle refinish business to address EU antitrust concerns regarding their $25 billion merger, extending the regulatory review deadline to November.
AkzoNobel and Axalta announced their full-stock merger forming a $25 billion entity named Axanzo. Led by AkzoNobel's CEO, the combined coatings giant expects to complete the deal in early 2027.
AkzoNobel and Axalta anticipate conditional EU antitrust approval for their $25 billion merger following an agreement to divest Axalta's vehicle refinish business. The deal aims to resolve competition
AkzoNobel has agreed to sell its decorative paint operations in seven Asian countries to Nippon Paint for approximately $1.35 billion. The transaction aims to streamline operations ahead of AkzoNobel'
Nippon Paint Holdings agreed to acquire Akzo Nobel’s decorative paints subsidiaries in Southeast Asia for approximately $1.35 billion, strengthening its regional presence ahead of Akzo Nobel’s planned
AkzoNobel will sell its Southeast Asia decorative paints unit to Nippon Paint for $1.35 billion to focus on core businesses ahead of an Axalta merger. The deal covers multiple Asian markets and is exp
The UK Competition and Markets Authority has launched a probe into AkzoNobel's proposed $25 billion merger with Axalta to assess competition concerns, with a Phase 1 decision due by November 11.
AkzoNobel and Axalta shareholders have overwhelmingly approved an equal merger valued at approximately $25 billion. Regulatory approvals are still pending, with completion expected between late 2026 a
AkzoNobel reported a 12% Q2 net income increase driven by pricing gains and margin expansion, despite revenue declining 1% after divesting Indian liquid coatings. Progress continues on its planned mer
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.
Europe's coating market faces slow recovery until 2027, contrasting sharply with India's high-growth trajectory driven by construction demand. Meanwhile, major M&A activities like BASF's divestiture a
Axalta reported lower sales and income due to reduced North American volumes, with adjusted earnings dropping 2% to 59 cents per share, aligning with analyst expectations.
AkzoNobel reported doubled net profits of €598 million for Q4 2025, driven by a €655 million gain from selling its Indian subsidiary. Meanwhile, progress on its merger with Axalta continues toward com
AkzoNobel and Axalta are merging in a $25 billion deal to form a leading paints and coatings company, with transaction closing expected in late 2026 or early 2027.
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