BUZZ - Sale of Southeast Asia coatings business boosts AkzoNobel share price
路透社2026/10/05 07:41On October 5th, AkzoNobel (AKZO.AS) shares rose 2.2% after the Dutch paint manufacturer agreed to sell its Southeast Asia decorative paints business to Nippon Paint (4612.T) for $1.35 billion. The deal covers markets including Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea, and Australia. AkzoNobel expects to generate about $1 billion in net cash proceeds from the sale. The transaction is valued at 21 times the business's projected 2025 EBITDA, which KBC Securities called "undoubtedly a positive surprise." KBC further commented that selling its Southeast Asian decorative paints business to Nippon Paint marks AkzoNobel's exit from the Asian decorative paint market, except for China. The broker added that market attention will now turn to AkzoNobel's planned merger with U.S. paint manufacturer Axalta, expected to be completed by the end of 2026 or early 2027.
October 5 - ** AkzoNobel (AKZO.AS) shares rose 2.2% after the Dutch paint manufacturer agreed to sell its Southeast Asian decorative paints business to Nippon Paint (4612.T) for $1.35 billion (link)
** The deal covers Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea, and Australia
** Akzo expects the sale will generate around $1 billion in net cash proceeds
** The transaction is valued at 21 times the business's 2025 EBITDA, and KBC Securities said this is "undoubtedly a positive surprise"
** KBC stated: "The sale of the Southeast Asian decorative paints business to Nippon Paint marks AkzoNobel's exit from the Asian decorative paints market, with the exception of China"
** The brokerage said that market attention will shift to the planned merger deal with Axalta, the US paint manufacturer (link), which is expected to be completed by the end of 2026 or early 2027
(For the convenience of non-native English speakers, Reuters provides automated translation of its reports into several other languages. Because automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of translated text, and automated translation is provided solely for reader convenience. Reuters assumes no responsibility for any damages or losses arising from use of the automated translation feature.)
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