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The transaction is expected to be completed before the end of 2018.
March 27, 2018
By: Anthony Locicero
Copy editor, New York Post
AkzoNobel said it sold 100 percent of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion ($12.6B). This transaction creates two focused and high performing businesses – Paints and Coatings, and Specialty Chemicals – as part of its strategy announced in April 2017. The transaction is expected to be completed before the end of 2018. “[March 27] is a key milestone in creating two focused, high performing businesses, to generate value for...
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