Conditional EU antitrust approval expected for AkzoNobel, Axalta deal, sources say
AXTA•EU antitrust regulators are expected to conditionally approve the $25 billion merger of AkzoNobel and Axalta, people familiar with the matter said. The companies plan to offer to sell Axalta’s vehicle refinish business to address competition concerns.
1. Proposed remedy
EU antitrust regulators are expected to clear the merger after a preliminary review, subject to conditions. The companies plan to offer to sell Axalta’s vehicle refinish business to address competition concerns.
2. Deal context
AkzoNobel and Axalta announced the deal in November last year. The merger comes amid consolidation among paint makers seeking to save money as costs rise and uncertainty grows over US tariffs.
