AkzoNobel Closes Sale of Specialty Chemicals Business
AMSTERDAM — Akzo Nobel N.V. has completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion.
Thierry Vanlancker, CEO of AkzoNobel, commented, "Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, with market leading positions, strong global brands, and a clear strategy to create value for all our stakeholders.