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You are here: Home / News / AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group and GIC

AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group and GIC

October 1, 2018 By CollisionWeek Editor

Akzo Nobel N.V. (AKZA; AKZOY) announced today it completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion ($11.7 billion). The sale was originally announced last March.

“Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, with market leading positions, strong global brands, and a clear strategy to create value for all our stakeholders,” said Thierry Vanlancker, CEO of AkzoNobel. “This is also an important step for the Specialty Chemicals business and I would like to take this opportunity to

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Filed Under: News Tagged With: Acquisitions, AkzoNobel, Carlyle Group

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