AkzoNobel confirms Nippon Paint bids for Decorative Paints unit at EUR 7.5 billion
AXTA•Nippon Paint made multiple bids for Decorative Paints unit
AkzoNobel confirms Nippon Paint bids for Decorative Paints unit at EUR 7.5 billion
- Nippon Paint submitted multiple conditional, non-binding proposals to buy AkzoNobel’s Decorative Paints unit at an indicative enterprise valuation of EUR 7.5 billion.
- The boards rejected the approach, calling the valuation too low.
- AkzoNobel reiterated its unanimous backing for a merger of equals with Axalta, announced on Nov. 18, 2025.
