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Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

S.Africa's Competion Commission approves Akzo Nobel, BASF IC deal
Thursday, 4 Aug 2016 08:55am EDT 

South Africa's Competition Commision: • South Africa's Competition Commision approved without conditions intermediate merger whereby Akzo Nobel intends to acquire BASF IC • Competition Commission (commission) has approved without conditions intermediate merger whereby Akzo Nobel intends to acquire BASF IC:.  Full Article

Akzo Nobel acquires 100 percent share of powder coatings venture in Egypt
Tuesday, 26 Jul 2016 04:40am EDT 

Akzo Nobel Nv : Acquires 100 percent share of powder coatings venture in Egypt .Says has raised its stake in Akzo Nobel Powder Coatings SAE in Egypt from 60 percent to 100 percent.  Full Article

Akzo nobel Q2 revenue down 6 pct to 3.7 bln euros
Tuesday, 19 Jul 2016 01:19am EDT 

Akzo Nobel NV : Q2 revenue down 6 pct to 3.7 billion euros ($4.10 billion), strongly adversely affected by currencies . Q2 EBIT (operating income excluding incidental items) up 9 pct at 491 million euros (2015: 452 million euros) . Q2 net income attributable to shareholders 312 million euros (2015: 331 million euros, which included positive incidental items) . Reuters poll: Q2 revenue 3.87 billion euros; net income adjusted 323 million euros; EBITDA 623 million euros . Further de-risking of UK pension liabilities .Outlook: the market environment remains uncertain with challenging conditions in several countries and segments. Deflationary pressures and currency headwinds are expected to continue.  Full Article

Akzo Nobel and Atul Limited planning Indian MCA joint venture
Thursday, 28 Apr 2016 05:16am EDT 

Akzo Nobel NV:AkzoNobel and Atul Limited planning Indian MCA joint venture.Akzo and Atul to install world scale MCA plant at Atul's facility in Gujarat, subject to the necessary regulatory approvals.  Full Article

Akzo Nobel issues 500 million euro bond
Sunday, 3 Apr 2016 08:00pm EDT 

Akzo Nobel NV:Successfully issues 500 million euro bond.New bond will be issued by Akzo Nobel N.V. And will be listed on Luxembourg stock exchange.Settlement is scheduled for April 8, 2016, and bonds will mature on April 8, 2026.Coupon of 1.125 percent.  Full Article

Akzo Nobel agrees acquisition of BASF coatings business
Wednesday, 17 Feb 2016 02:12am EST 

Akzo Nobel NV:Says to have agreed offer to acquire BASF's industrial coatings business for 475 million euros ($530.67 million.Deal is expected to be completed in second half of 2016.  Full Article

Akzo Nobel confirms discussions with BASF on coatings business
Thursday, 11 Feb 2016 02:15am EST 

Akzo Nobel NV:Confirms it is in discussions with BASF with regards a potential purchase of their industrial coatings business​.Says ‍no further details will be made available at this stage.  Full Article

Akzo Nobel proposes 2015 dividend
Wednesday, 10 Feb 2016 01:00am EST 

Akzo Nobel NV:Total dividend proposed for 2015 up 7 percent at 1.55 euros (2014: 1.45 euros).  Full Article

Akzo Nobel ‍acquires full control of hydrogen peroxide joint venture​
Tuesday, 19 Jan 2016 10:00am EST 

Akzo Nobel NV:Acquires outstanding shares in EkO Peroxide LLC from joint venture partner OCI Peroxygens LLC (a subsidiary of OCI Enterprises Inc.)​.‍Financial details of this transaction are not disclosed.  Full Article

Akzo Nobel announces group financial guidance for 2016-2018
Tuesday, 27 Oct 2015 03:00am EDT 

Akzo Nobel NV:Provides an outlook for the business in the near future and present the next phase in the company strategy.Group financial guidance for 2016 to 2018 is return on sales(ROS) range between 9 percent and 11 percent and return on investments(ROI) range between 13 percent and 16.5 percent.Says has a clear aim to grow in line with, or faster than, its relevant markets.  Full Article

BRIEF-Kuehne und Nagel: AkzoNobel extends logistics cooperation for a further period of two years

* AkzoNobel extends logistics cooperation with Kuehne + Nagel for a further period of two years Source text - http://bit.ly/2asrcq2 Further company coverage: (Gdynia Newsroom)