AkzoNobel could sell unit to Nippon Paint for over $1 billion, FT reports
AkzoNobel could sell unit to Nippon Paint for over $1 billion, FT reports Oct 4 (Reuters) - AkzoNobel AKZO.AS is nearing a deal to sell its south-east Asian decorative paints business to Nippon Paint 4612.T for well over $1 billion, the Financial Times reported on Sunday citing people familiar with the matter.
Reuters could not immediately verify the FT report.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Nia Williams)
((rishabh.jaiswal@thomsonreuters.com; +91 9916719147))
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