Conditional EU antitrust approval expected for AkzoNobel, Axalta deal, sources say
AXTA•EU antitrust regulators are expected to clear the $25 billion AkzoNobel-Axalta merger with conditions after a preliminary review, people familiar with the matter said. The companies plan to offer to sell AkzoNobel's vehicle refinish business to address competition concerns.
1. Conditional approval expected
EU antitrust regulators are expected to clear the $25 billion merger of AkzoNobel and Axalta Coating Systems with conditions after a preliminary review, people familiar with the matter said.
2. Planned asset sale
The companies plan to offer to sell AkzoNobel's vehicle refinish business to address competition concerns. They announced the deal in November last year, amid consolidation among paint makers seeking to save money in the face of rising costs and uncertainty created by U.S. tariffs.
