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AkzoNobel could sell unit to Nippon Paint for over $1 billion, FT reports

Source: reuters.com

M&A & RestructuringCompany Fundamentals
AkzoNobel could sell unit to Nippon Paint for over $1 billion, FT reports

AkzoNobel is nearing a deal to sell its south-east Asian decorative paints business to Nippon Paint for well over $1 billion, the Financial Times reported Sunday, citing people familiar with the matter. The report does not say a deal has been finalized.

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