AkzoNobel sells North American paints operations to PPG

AMSTERDAM Fri Dec 14, 2012 2:09am EST

AMSTERDAM Dec 14 (Reuters) - Dutch paints company AkzoNobel said on Friday it will sell its decorative paints operations in North America to its U.S.-listed rival PPG Industries for $1.05 billion so it can focus its paints business on Europe and high growth regions.

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