Nippon Paint said to offer $8.6 billion for Akzo Nobel's paint arm, Bloomberg News reports

Akzo Nobel NV

13/07/2026 01:02

July 13 (Reuters) - Nippon Paint 4612.T has made multiple offers for Akzo Nobel's AKZO.AS decorative paints business in the past month, including a proposal valuing the unit at about 7.5 billion euros ($8.55 billion) last week, Bloomberg News reported on Sunday, citing people familiar with the matter.  
Reuters could not immediately verify the report. 
     
($1 = 0.8775 euros)

(Reporting by Mihika Sharma in Bengaluru; Editing by Rashmi Aich)
((Mihika.Sharma@thomsonreuters.com;))