39 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
AkzoNobel reported a 4% organic rise in third-quarter core profit, beating market expectations with adjusted EBITDA of €388 million. The performance was driven by higher pricing and ongoing cost-cutti
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 Coatings Systems will merge to form a global coatings company named Axanzo with a $25 billion enterprise value. Expected to close in early 2027, the combined entity will operate 1
ICIS News Asia reports on reshaped petrochemical trade flows driven by Middle East conflicts, India's expanded PVC trade remedies, and AkzoNobel's $1.35bn paint unit sale. The digest covers global ove
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'
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
AkzoNobel is reportedly nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint for over $1 billion, according to the Financial Times. Reuters could not immediately verif
AkzoNobel has finalized the sale of its Pakistan coatings subsidiary to IGI Investments for approximately €50 million. This divestment advances the company's strategic portfolio refocusing efforts wit
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 inaugurated a €7.5-million innovation lab in the Netherlands focused on sustainable, solvent-free powder coatings. The facility aims to accelerate energy-efficient solutions and support the
AkzoNobel has opened a €7.5 million innovation lab in the Netherlands to develop lower-carbon powder coatings. The facility will focus on lower temperature curing technologies and extending product li
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
Axalta Coating Systems beat Q2 adjusted earnings estimates despite lower net income driven by merger costs. The company will seek shareholder approval on August 5 for its proposed merger of equals wit
AkzoNobel will debut at the 9th China International Import Expo, showcasing sustainable coating innovations and applications for aerospace and infrastructure projects.
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
AkzoNobel reported 5% organic growth in second-quarter core profit, beating expectations as price hikes offset weak demand and rising costs. Adjusted EBITDA reached €398 million, confirming the effica
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.
AkzoNobel faces a new takeover bid and ARPA-H launches a rare disease initiative, while Dow outlines AI-driven cost reductions and layoffs during its earnings call amidst regional geopolitical tension
AkzoNobel CEO Greg Poux-Guillaume has been named the 2026 ICIS CEO of the Year by industry peers. The award recognizes his leadership amid plans for a transformative merger with Axalta Coating Systems
AkzoNobel confirmed Russian subsidiaries are under temporary external administration via presidential decree, stating Russia accounts for less than 2% of revenue and local operations were previously r
AkzoNobel has rejected Nippon Paint’s €7.5 billion offer for its decorative paints business, citing undervaluation. The company reaffirmed its unanimous recommendation for the merger with Axalta Coati
European shares declined amid US-Iran tensions threatening the Strait of Hormuz, driving oil prices up 4%. Additionally, chemical firm AkzoNobel gained 3% after receiving a €7.5 billion takeover offer
AkzoNobel confirmed Nippon Paint's bids for its Decorative Paints business but rejected the €7.5 billion valuation as undervalued, preferring its $25 billion merger with Axalta Coating Systems.
AkzoNobel achieved its 2030 carbon emission reduction target four years early with SBTi certification. The company now operates 100% renewable power across three continents, including five Chinese fac
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