Keyword: PPG

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AkzoNobel and Axalta in Merger Talks

30.10.2017 - Confirming market rumors, AkzoNobel said it has entered what it called “constructive discussions” with Axalta Coating Systems about a merger, adding that the combination of the two...

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Akzo Wins Second Case against Hedge Fund

14.08.2017 - AkzoNobel has won a second court case against US activist investor Elliott Advisors. An Amsterdam district court ruled on Aug. 10 that the coatings producer does not have to call a...

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Akzo Chief Ton Büchner Steps Down

24.07.2017 - Citing health reasons, Ton Büchner stepped down as CEO of Akzo Nobel with immediate effect on Jul. 19. The 52-year-old executive, who took a leave of absence due to exhaustion...

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Dutch Said Rethinking Takeover Curbs

07.07.2017 - The Dutch government is reconsidering at least some details of its plan to prevent hostile takeovers of national companies, due to fears in the business sector that this would...

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AkzoNobel Buys UK, French Coatings Firms

05.07.2017 - AkzoNobel has acquired the UK’s Flexcrete Technologies and has also announced an agreement to buy French manufacturer Disa Technology (Disatech) in a bid to further strengthen its...

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Dutch Government Seen as Helping Akzo Fight PPG

26.06.2017 - Akzo Nobel cooperated closely with the government of the Netherlands, at least from Mar 9, to fend off the failed bid by US rival PPG to acquire the Amsterdam-based coatings and...

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AkzoNobel Lifts Peroxide Output in Mexico

09.06.2017 - AkzoNobel’s Specialty Chemicals business has completed the expansion of its Polymer Chemistry production complex in Los Reyes, Mexico. The investment widens the Dutch group’s North...

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PPG Drops Pursuit of AkzoNobel

04.06.2017 - PPG has decided to walk away from AkzoNobel after a bitterly fought three-month struggle to acquire its Dutch rival. The US paints and coatings group had offered €26.9 billion in...