Akzo Nobel N.V.: Akzo Nobel announces strategic review of Specialty Chemicals business
CORPORATES ISSUER COMMENT 13 March 2017 Contacts Francois Lauras 44-20-7772-5397 VP-Sr Credit Officer [email protected] Anke N. Richter, CFA 44-20-7772-1433 Associate Managing Director [email protected] Akzo Nobel N.V. Akzo Nobel announces strategic review of Specialty Chemicals business Akzo Nobel N.V. (Baa1 stable) announced that it has rejected an unsolicited indicative €20.9 bilAkzo Nobel N.V. is a holding company. Through its subsidiaries, Co. is engaged in the production and marketing of paints, coatings and specialty chemicals. Co. has three segments: Decorative Paints, which supplies products for the professional and do-it-yourself markets, including paints, lacquers and varnishes, as well as products for surface preparation; Performance Coatings, which is divided into the following businesses: Automotive and Aerospace Coatings, Industrial Coatings, Marine and Protective Coatings, and Powder Coatings; and Specialty Chemicals, which are used in products such as ice cream, soups, disinfectants, plastics, soaps, detergents, cosmetics, paper and asphalt.
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