Akzo Nobel N.V. today announced shareholders will receive €5.5 billion ($6.36 billion), following completion of the sale of the Specialty Chemicals business that was announced yesterday. This is in addition to €1 billion ($1.15 billion) advance proceeds distributed by a special cash dividend paid on December 7, 2017.
A total of €6.5 billion will have been distributed to shareholders, delivering on a commitment to return the vast majority of €7.5 billion net proceeds, from the separation of the Specialty Chemicals business.
The additional €5.5 billion proceeds will be distributed using a capital repayment and share consolidation of €2 billion, special
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