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AkzoNobel reportedly nears deal to sell Southeast Asian decorative paints business to Nippon Paint for well over $1 billion
Reuters, citing the Financial Times, says the proposed sale would cover operations in five Southeast Asian countries, Australia and Papua New Guinea.
TLDR
Reuters, citing a Financial Times report based on people familiar with the matter, says AkzoNobel was nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint for well over $1 billion. The proposed sale would cover operations in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Australia and Papua New Guinea. Reuters said it could not immediately verify the report.
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