GIC and Carlyle to Buy Akzo Nobel’s Specialty Chemicals Business

Posted on 03/28/2018


Dutch multinational paint manufacturer Akzo Nobel N.V. has agreed to sell its entire Specialty Chemicals business, including debt, to the Carlyle Group and Singapore’s GIC Private Limited for an enterprise value of €10.1 billion (US$ 12.53 billion). Announced last April amid a US$ 32 billion takeover attempt by American competitor PPG Industries, the sale will […]