Nippon Paint proposes acquisition of AkzoNobel's architectural coatings business

M&A · Partnership Impact 4
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Summary · why it matters

Nippon Paint Holdings announced on the 13th that it has proposed to acquire the architectural coatings business of Dutch paint giant AkzoNobel. It has offered a total of 7.5 billion euros. In April, Nippon Paint Holdings jointly made a full takeover bid for AkzoNobel with US paint giant Sherwin-Williams, but the company rejected it. AkzoNobel announced plans last November to merge with US peer Axalta.

Impact on stocks 4

Critical Materials & Supply Chain · 3 stocks
Nippon Paint Holdings Co., Ltd.
4612
▲ PositiveCapitalrelevance

Nippon Paint proposed to acquire AkzoNobel's architectural coatings business for €7.5 billion, a strategic M&A move.

Akzo Nobel NV
AKZA
± MixedCapitalrelevance

AkzoNobel received a takeover proposal for its architectural coatings business, but outcome uncertain.

Sherwin-Williams Co
SHW
± MixedCompetitionrelevance

Sherwin-Williams previously jointly bid for AkzoNobel, but the current proposal is by Nippon Paint alone.

Materials · 1 stocks
Axalta Coating Systems Ltd
AXTA
± MixedCompetitionrelevance

AkzoNobel previously planned to merge with Axalta, but now Nippon Paint's proposal may alter competitive dynamics.