Akzo Nobel is conducting a strategic review of its portfolio in order to redeploy capital towards growing its core coatings businesses.
The initial focus will be on its decorative paints positions in South Asia. Akzo Nobel has a premium, highly profitable position in India in particular, with a strong track record of growth. Given this unique market position, the company is well-placed to participate in the further development of the highly dynamic South Asian decorative paints market, which is ripe for consolidation. The review will explore various strategic options ranging from partnerships or joint venture, says Greg Poux-Guillaume, CEO, Akzo Nobel: “Our focus on enhancing our coatings businesses globally is underpinned by a strong portfolio of high-performing brands and technologies. This strategic review represents a key step towards focusing our portfolio on positions of differentiating scale in key coatings markets, which will help to accelerate our profitable growth.”
This is a public announcement by Akzo Nobel pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities.tures through to mergers or divestments.
Source: european-coatings.com
