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Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

74.42EUR
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Nuon and Akzo Nobel Sign Energy Supply Agreement
Friday, 15 Dec 2017 

Dec 15 (Reuters) - AKZO NOBEL NV ::SIGN INNOVATIVE ENERGY SUPPLY AGREEMENT.NUON IS TO SUPPLY FLEXIBLE ENERGY TO THREE OF CO'S CHEMICAL PRODUCTION SITES IN NETHERLANDS.  Full Article

Akzo Nobel To Expand Colloidal Silica Capacity In Sweden​
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - AKZO NOBEL NV ::‍AKZONOBEL TO EXPAND COLLOIDAL SILICA CAPACITY IN SWEDEN​.INVESTING MORE THAN €4 MILLION‍​.EXPANSION TO HELP MEET GROWING CUSTOMER DEMAND.EXPANSION IS EXPECTED TO BE COMPLETED BY LATE 2018.  Full Article

Akzonobel Shareholders Support Separation Of Specialty Chemicals Business
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL SHAREHOLDERS SUPPORT SEPARATION OF SPECIALTY CHEMICALS BUSINESS.AKZO NOBEL NV - ‍APPOINTMENT OF NEW CFO MAARTEN DE VRIES AS A MEMBER OF BOARD OF MANAGEMENT, EFFECTIVE JANUARY 1 WAS ALSO APPROVED​.AKZO NOBEL NV - ‍THREE SUPERVISORY BOARD MEMBERS GAIN SHAREHOLDER APPROVAL​.  Full Article

Akzo Nobel Shareholders Approved Separation Of Specialty Chemicals Business​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Akzo Nobel NV ::‍SHAREHOLDERS APPROVED SEPARATION OF CO'S SPECIALTY CHEMICALS BUSINESS​.TO SEPARATE ITS SPECIALTY CHEMICALS BUSINESS THROUGH A PRIVATE SALE OR LEGAL DEMERGER‍​.APPROVAL OF APPOINTMENT OF NEW CFO MAARTEN DE VRIES AS MEMBER OF BOARD OF MANAGEMENT, EFFECTIVE JAN. 1.INTENDS TO RETURN VAST MAJORITY OF NET PROCEEDS FROM SEPARATION OF SPECIALTY CHEMICALS TO ITS SHAREHOLDERS, STARTING EUR 1 BILLION SPECIAL CASH DIVIDEND.  Full Article

Akzonobel To Acquire V.Powdertech
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Akzo Nobel Nv ::REG-AKZONOBEL AGREES TO ACQUIRE V.POWDERTECH BUSINESS TO STRENGTHEN LEADING POWDER COATINGS BUSINESS IN SOUTH EAST ASIA.‍TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN COMING WEEKS​.  Full Article

Akzo Nobel and Axalta end merger discussions
Wednesday, 22 Nov 2017 

Nov 21 (Reuters) - Akzo Nobel NV ::REG-AKZONOBEL AND AXALTA END MERGER DISCUSSIONS.AKZO NOBEL NV SAYS ‍SEPARATION OF AKZONOBEL SPECIALTY CHEMICALS BUSINESS AND RETURN OF VAST MAJORITY OF NET PROCEEDS TO SHAREHOLDERS REMAIN ON TRACK​.  Full Article

AkzoNobel successfully issues 500 million euros of floating rate notes
Monday, 6 Nov 2017 

Nov 6 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL SUCCESSFULLY ISSUES €500 MILLION FLOATING RATE NOTE (FRN).‍FLOATING RATE NOTE WITH A TWO-YEAR MATURITY​.‍PROCEEDS OF NOTES WILL BE USED FOR GENERAL CORPORATE PURPOSES​.‍ISSUE WILL BE LISTED ON LUXEMBOURG STOCK EXCHANGE​.‍SETTLEMENT IS SCHEDULED FOR NOVEMBER 10, 2017, NOTES WILL MATURE ON NOVEMBER 8, 2019​.  Full Article

Akzo Nobel confirms discussions with Axalta regarding potential merger
Monday, 30 Oct 2017 

Oct 30 (Reuters) - AKZO NOBEL NV ::CONFIRMS CONSTRUCTIVE DISCUSSIONS WITH AXALTA REGARDING POTENTIAL MERGER‍​.CONFIRMS THAT ITS SEPARATION OF SPECIALTY CHEMICALS, INCLUDING THE RETURN OF THE VAST MAJORITY OF NET PROCEEDS TO SHAREHOLDERS, REMAINS ON TRACK FOR APRIL 2018.WILL CREATE A LEADING GLOBAL PAINTS & COATINGS COMPANY THROUGH A MERGER OF EQUALS.  Full Article

Akzo Nobel Q3 EBIT down at 383 million euros
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - AKZO NOBEL NV ::‍AKZONOBEL PUBLISHES Q3 2017 RESULTS​.Q3 REVENUE EUR ‍​ 3.62 BILLION VERSUS EUR 3.60 BILLION YEAR AGO.Q3 ‍EBIT AT EUR 383 MILLION (2016: EUR 442 MILLION)​.Q3 NET INCOME ATTRIBUTABLE TO SHAREHOLDERS EUR 216 ‍​ MILLION VERSUS EUR 285 MILLION YEAR AGO.Q3 ‍ADJUSTED EPS AT EUR 1.07 (2016: EUR 1.20)​.‍EBIT FOR 2017 IS NOW EXPECTED TO BE IN LINE WITH 2016​.‍ANTICIPATE POSITIVE DEVELOPMENTS FOR EMEA (EXCLUDING UK), NORTH AMERICA AND ASIA, WHILE LATIN AMERICA IS EXPECTED TO STABILIZE​.‍INDUSTRY SPECIFIC HEADWINDS CONTINUE, INCLUDING HIGHER RAW MATERIAL PRICES AND CHALLENGES FOR MARINE AND PROTECTIVE COATINGS​.‍EBIT OUTLOOK REVISED DUE TO ONGOING INDUSTRY SPECIFIC HEADWINDS AND SUPPLY CHAIN DISRUPTIONS​.‍EUR 1 BILLION SPECIAL CASH DIVIDEND AS ADVANCE PROCEEDS TO BE PAID ON DECEMBER 7, 2017​.  Full Article

PPG says is "disappointed" that Akzo Nobel has again refused to enter into negotiation
Monday, 8 May 2017 

May 8 (Reuters) - Ppg Industries Inc :PPG issues statement.Is "disappointed" that Akzonobel has once again refused to enter into a negotiation regarding a combination of two companies."Akzonobel chairs stated up front that they did not have intent nor authority to negotiate".Akzonobel chairs did not share any concerns regarding PPG's proposal.Will review full details of Akzonobel's response issued today.Can confirm CEO and lead independent director met chairman of supervisory board of Akzonobel and CEO and chairman of board of management of Akzonobel.  Full Article

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Akzo Nobel shareholders approve chemicals split

AMSTERDAM Akzo Nobel gained shareholder approval on Thursday to spin off its 10 billion euro ($11.9 billion) chemicals division as part of plans to placate investors after the Dutch paintmaker rejected a takeover offer from rival PPG Industries .