European Commission conditionally approves AkzoNobel-Axalta merger
AXTA•The European Commission conditionally approved the proposed merger of AkzoNobel and Axalta, requiring AkzoNobel to divest its European vehicle refinish business. The deal is expected to close in early 2027, subject to pending regulatory approvals, and the combined company would have about $17 billion in revenue.
1. Conditional EU approval
The European Commission granted conditional approval for the proposed merger of AkzoNobel and Axalta. To address competition concerns, AkzoNobel will divest its European vehicle refinish business.
2. Closing and revenue
Closing is expected in early 2027, subject to pending regulatory approvals. The combined coatings company will have approximately $17 billion in revenue.
