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Nippon Paint has offered about $8.6 billion to buy Akzo Nobel’s decorative paints business, according to a proposal made within the past month. The approach targets Akzo’s consumer-facing coatings unit rather than its broader industrial portfolio.
10:47 PMBloomberg MarketsSummary
Nippon Paint has offered about $8.6 billion to buy Akzo Nobel’s decorative paints business, according to a proposal made within the past month. The approach targets Akzo’s consumer-facing coatings unit rather than its broader industrial portfolio.
Why it matters
This bid could trigger a major carve-out in a consolidating coatings market and set a new price benchmark for large-scale paint assets.
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