✉news BusinessBusiness first seen 5 h ago, last 1 h ago, peak #1
Akzo Nobel Sells Southeast Asia Paints Business for $1.35 Billion
Original: Akzo Nobel to Sell Southeast Asia Decorative Paints Business for $1.35 Billion
Akzo Nobel has agreed to sell its Southeast Asia decorative paints business for $1.35 billion, according to the Wall Street Journal. The deal marks a significant divestment for the Dutch coatings company in one of Asia's fastest-growing paint markets, and is likely to draw attention from investors watching its broader strategic reshaping.
Why now: A major multi-billion dollar divestment by a leading global paints company is significant corporate news.
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