AkzoNobel closes sale of Specialty Chemicals to The Carlyle Group and GIC

摘要

Akzo Nobel N.V.(AKZA;AKZOY)has completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion.Thierry Vanlancker,CEO of AkzoNobel,commented:”Today is a key milestone in the history of AkzoNobel,creating a focused paints and coatings company,with market leading positions,strong global brands,and a clear strategy to create value for all our stakeholders.”This is also an important step for the Specialty Chemicals business and I would like to take this opportunity to say thank you to our colleagues and wish them a successful future with Carlyle and GIC.”Charles Shaver,CEO of Specialty Chemicals,said:”I am delighted to assume my new role at Specialty Chemicals and look forward to working with the management team,Carlyle and GIC to deliver long term success.Specialty Chemicals has a strong global presence and a talented and dedicated team and I believe there is significant opportunity to drive additional growth through innovation and customer focus to build on the company’s leading positions in its markets.”