Edition:
India

Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

82.40EUR
21 Sep 2018
Change (% chg)

€-0.30 (-0.36%)
Prev Close
€82.70
Open
€82.96
Day's High
€83.16
Day's Low
€82.28
Volume
1,321,944
Avg. Vol
575,998
52-wk High
€83.52
52-wk Low
€71.64

Latest Key Developments (Source: Significant Developments)

Akzo Nobel To Acquire Polinox's Brands And Trademarks
Friday, 20 Jul 2018 

July 20 (Reuters) - AKZO NOBEL NV ::SAYS WILL ACQUIRE POLINOX'S BRANDS AND TRADEMARKS, WHICH INCLUDE BRASNOX(®), PERBENZOX(®) AND TECNOXSUPER(®), AS WELL AS ITS CUSTOMER LIST AND PRODUCTION KNOWHOW.SAYS AKZONOBEL SPECIALTY CHEMICALS WILL INVEST TO ADD CAPACITY IN ITS OWN SITE AT ITUPEVA, BRAZIL.THE SALE IS EXPECTED TO CLOSE IN THE FOURTH QUARTER OF 2018.ACQUISITION WILL EXPAND THE COMPANY’S FOOTPRINT IN SOUTH AMERICA.  Full Article

BRIEF-Akzo Nobel Q2 adjusted EBITDA down at 285 Million Euros
Wednesday, 18 Jul 2018 

Corrects EBITDA number in the headline from 271 to 285 million euros.:AKZONOBEL EXECUTING ON TRANSFORMATION, CREATING A FIT-FOR-PURPOSE ORGANIZATION, AND STRONG PRICING MOMENTUM DEALING WITH HEADWINDS.IMPLEMENTED PHASE ONE OF TRANSFORMATION TO CREATE A FIT-FOR-PURPOSE ORGANIZATION DELIVERING EUR 25 MILLION IN Q2 .FOR REMAINDER OF 2018, WE EXPECT POSITIVE DEVELOPMENTS FOR DECORATIVE PAINTS AND PERFORMANCE COATINGS.MARINE AND PROTECTIVE COATINGS MARKET CONDITIONS ARE STILL CHALLENGING.Q2 AKZONOBEL (PAINTS AND COATINGS): * REVENUE 3% LOWER, ALTHOUGH UP 2% IN CONSTANT CURRENCIES.RAW MATERIAL INFLATION IS PROJECTED TO CONTINUE FOR REMAINDER OF 2018.ROBUST PRICING INITIATIVES AND COST-SAVING PROGRAMS ARE IN PLACE TO MITIGATE CURRENT CHALLENGES.Q2 AKZONOBEL (PAINTS AND COATINGS): ADJUSTED OPERATING INCOME(3) AT EUR 225 MILLION (2017: EUR 294 MILLION).Q2 ADJUSTED OPERATING INCOME AT EUR 225 MILLION (2017: EUR 294 MILLION).Q2 REUTERS POLL: EBIT BEFORE INCIDENTIALS AND FAIR VALUE ADJUSTMENTS EUR 249 MILLION.Q2 REUTERS POLL: REVENUES EUR 2.48 BILLION; EBITDA EUR 315 MILLION.Q2 AKZONOBEL (PAINTS AND COATINGS) NET INCOME FROM TOTAL OPERATIONS AT EUR 271 MILLION (2017: EUR 301 MILLION).Q2 REVENUE 3% LOWER, ALTHOUGH UP 2% IN CONSTANT CURRENCIES.Q2 ADJUSTED EBITDA EUR 285 MILLION VERSUS EUR 366 MILLION YEAR AGO.Q2 NET INCOME FROM TOTAL OPERATIONS AT €271 MILLION (2017: €301 MILLION).  Full Article

Nils Andersen Appointed As Chairman By Supervisory Board
Thursday, 26 Apr 2018 

April 26 (Reuters) - AKZO NOBEL NV ::REG-NILS ANDERSEN APPOINTED AS MEMBER OF THE SUPERVISORY BOARD.NILS ANDERSEN APPOINTED BY AGM AS NEW MEMBER OF SUPERVISORY BOARD AND SUBSEQUENTLY APPOINTED CHAIRMAN BY SUPERVISORY BOARD.NILS ANDERSEN WILL SUCCEED ANTONY BURGMANS.  Full Article

Reg-Akzo Nobel Q1 Revenue Misses Reuters Poll
Tuesday, 24 Apr 2018 

April 24 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL MAKES PROGRESS ON TRANSFORMATION INTO A FOCUSED PAINTS AND COATINGS COMPANY WHILE HEADWINDS CONTINUE.Q1 REVENUE DOWN 8%, MAINLY DUE TO ADVERSE FOREIGN CURRENCIES (1% LOWER EXCLUDING CURRENCY IMPACT) AT EUR 2,176 MILLION.ON TRACK FOR DELIVERING 15% RETURN ON SALES BY 2020.Q1 ADJUSTED OPERATING INCOME(1) AT EUR 149 MILLION (2017: EUR 208 MILLION).SALE OF OUR SPECIALTY CHEMICALS BUSINESS IS EXPECTED TO BE COMPLETED BY END OF 2018.PRICE INCREASE SUCCESSFUL IN Q1 2018; SECOND WAVE OF PRICE INCREASES TO COME IN 2018.Q1 REVENUE EUR 2.30 BILLION IN REUTERS POLL.Q1 NET INCOME FROM TOTAL OPERATIONS UP 5% TO EUR 253 MILLION (2017: EUR 240 MILLION) (REMOVES REPETITION OF TEXT).  Full Article

AkzoNobel Specialty Chemicals Signs Co-Operation Agreement With Ineos Nitriles
Friday, 20 Apr 2018 

April 20 (Reuters) - AKZONOBEL SPECIALTY CHEMICALS: :AKZONOBEL SPECIALTY CHEMICALS SIGNS CO-OPERATION AGREEMENT WITH INEOS NITRILES TO EXPAND CHELATES PRODUCTION.  Full Article

Akzo Nobel To Sell Specialty Chemicals To Carlyle Group And GIC For 10.1 Billion Euros
Tuesday, 27 Mar 2018 

March 27 (Reuters) - AKZO NOBEL NV ::TODAY ANNOUNCES THE SALE OF 100% OF ITS SPECIALTY CHEMICALS BUSINESS TO THE CARLYLE GROUP AND GIC FOR AN ENTERPRISE VALUE OF €10.1 BILLION‍​.KEY MILESTONE IN CREATING A FOCUSED, HIGH PERFORMING PAINTS AND COATINGS COMPANY.TRANSACTION IS EXPECTED TO BE COMPLETED BEFORE END OF 2018.THIS TRANSACTION CREATES TWO FOCUSED AND HIGH PERFORMING BUSINESSES - PAINTS AND COATINGS, AND SPECIALTY CHEMICALS.‍ON BASIS OF YEAR-END BALANCE SHEET, AKZONOBEL EXPECTS TO RECEIVE A CASH PAYMENT OF EUR 8.9 BILLION​.FOLLOWING DEDUCTION OF DEAL AND SEPARATION RELATED COSTS, AS WELL AS OTHER PREVIOUSLY ANNOUNCED LIABILITIES, THE NET PROCEEDS ARE EXPECTED TO BE AROUND €7.5 BILLION.THE VAST MAJORITY OF NET PROCEEDS WILL BE DISTRIBUTED TO SHAREHOLDERS.  Full Article

Carlyle Wins Auction To Acquire Akzo Nobel'S Speciality Chemicals Arm - FT‍​
Tuesday, 27 Mar 2018 

March 26 (Reuters) - :CARLYLE WINS AUCTION TO ACQUIRE AKZO NOBEL’S SPECIALITY CHEMICALS ARM - FT, CITING SOURCES ‍​.  Full Article

Akzo Nobel Launches A 12 Million Euros Organic Peroxides Expansion In Mexico‍​
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - AKZO NOBEL NV ::LAUNCHES €12 MILLION ORGANIC PEROXIDES EXPANSION IN MEXICO‍​.EXPANSION PRODUCTION CAPACITY AND UPGRADE ITS ORGANIC PEROXIDES FACILITY IN LOS REYES, MEXICO.  Full Article

AkzoNobel Appoints Renier Vree As CFO For Specialty Chemicals
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - AKZO NOBEL NV ::AKZONOBEL APPOINTS RENIER VREE AS CFO FOR SPECIALTY CHEMICALS.APPOINTED RENIER VREE AS CFO, EFFECTIVE MARCH 1, 2018.  Full Article

Arcadis' CFO, Renier Vree, Resigns To Join Akzonobel Specialty Chemicals As CFO
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - ARCADIS NV ::ARCADIS CHIEF FINANCIAL OFFICER RESIGNS.RESIGNATION OF RENIER VREE, CHIEF FINANCIAL OFFICER (CFO) AND MEMBER OF EXECUTIVE BOARD, EFFECTIVE MARCH 1(ST), 2018..RENIER VREE, HAS DECIDED TO JOIN AKZONOBEL SPECIALTY CHEMICALS AS CHIEF FINANCIAL OFFICER (CFO).  Full Article

Envision’s US$5.05bn loan marks jumbo buyout trio

NEW YORK (LPC) - The US$5.05bn term loan for Envision Healthcare is the third massive leveraged loan to hit the market since September and also looks set to benefit from huge institutional demand which has already seen multibillion buyout loans for Thomson Reuters’ F&R business, Refinitiv, and Akzo Nobel’s Specialty Chemicals business successfully placed.