Dutch AkzoNobel to sell Southeast Asian business to Nippon Paint for over $1 billion, FT reports

The story

AkzoNobel, the Dutch coatings giant, is reportedly in talks to sell its Southeast Asian architectural coatings business to Nippon Paint Holdings.

The transaction is valued at more than $1 billion, with Nippon Paint Holdings reported to be the buyer.

At a glance

AmountTo be sold for more than $1 billion

RegionSoutheast Asian architectural coatings business

BuyerNippon Paint Holdings Co., Ltd.

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