Akzo Nobel NV Announces Deal with JSW Paints

Akzo Nobel NV, a Dutch chemical company based in Amsterdam, has entered into a deal with JSW Paints to sell its decorative paint business in India. The transaction is valued at ₹9,400 crore.

Key Deal Terms

• The deal represents a 16% discount to Akzo Nobel’s share price on Thursday
• The sale of the decorative paint business in India is a strategic move by Akzo Nobel to focus on its core business

Market Reaction

• Akzo Nobel’s shares experienced a significant price increase, rallying 8% on Friday
• The company’s overall market performance has likely been positively impacted by the deal

Corporate Responsibility Initiatives

• Akzo Nobel’s Packaging Coatings division has published a white paper on sustainability reporting and can packaging innovations
• The white paper highlights the company’s commitment to environmental and social responsibility