AkzoNobel to sell chemicals arm for 10.1 bn euros

Leading global paintmaker AkzoNobel announced Tuesday it was selling its chemicals arm to US-based investors Carlyle Group and Singapore’s GIC for 10.1 billion euros ($12.6 billion), seeking to restore investor confidence in the Dutch giant. “AkzoNobel today announces the sale of 100 percent of its speciality chemicals business to The Carlyle Group and GIC for an…



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