Key Developments: Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

22 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Kemira Oyj to acquire Akzo Nobel NV paper chemicals business
Tuesday, 8 Jul 2014 02:01am EDT 

Kemira Oyj:Announces that it has reached a preliminary agreement to acquire Akzo Nobel NV's paper chemicals business.The parties will also enter into a distribution agreement for Akzo Nobel NV's colloidal silica business for retention and drainage applications for the paper industry.The closing of the intended transaction is expected in the first quarter of 2015 and is subject to customary closing conditions, including completion of employee consultation proceedings and approvals of competition authorities in certain countries.  Full Article

Akzo Nobel launches new clearcoat for vehicle refinish market
Monday, 30 Jun 2014 04:02am EDT 

Akzo Nobel NV:Automotive and Aerospace Coatings business launches new clearcoat for vehicle refinish market Sikkens Autoclear 2.0.Sikkens Autoclear 2.0, formulated with 17.5 pct renewable ingredients, uses patented binder technology to deliver improved finish and drying characteristics, while doubling percentage of renewable raw materials being used.  Full Article

Akzo Nobel NV appoints Chief Financial Officer
Tuesday, 17 Jun 2014 02:03am EDT 

Akzo Nobel NV:Appointment of Maelys Castella as company's new Chief Financial Officer.She will officially take up position on Sept. 15.Maelys succeeds Keith Nichols.  Full Article

Akzo Nobel begins restoration of Dutch Royal Barge
Monday, 16 Jun 2014 07:00am EDT 

Akzo Nobel NV:Says it AkzoNobel has begun work on restoring the Dutch Royal Barge, de Koningssloep, through a partnership with the National Maritime Museum (Het Scheepvaartmuseum) in Amsterdam.  Full Article

Akzo Nobel Awlgrip brand selected for Sea Ray's new luxury yachts
Tuesday, 27 May 2014 08:00pm EDT 

Akzo Nobel NV:Awlgrip brand selected as preferred topcoat supplier to Sea Ray, manufacturer of boats ranging from 18 to 65 feet.Sea Ray L650 Fly boat, featuring Awlcraft SE metallic topside paint in Aurora Gold, recently unveiled.Awlcraft SE is fast-drying topcoat, available in custom colors including metallic and effect finishes, with possibility to be repaired and buffed without compromising performance.  Full Article

Fitch Affirms Akzo Nobel at 'BBB+'; Negative Outlook
Monday, 12 May 2014 08:00pm EDT 

Fitch Ratings:Affirms Akzo Nobel NV's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+.Outlook is negative.Negative Outlook reflects Fitch's opinion that AkzoNobel's credit metrics continue to offer limited headroom for headwinds or underperformance under ongoing restructuring projects.  Full Article

Akzo Nobel opens Imperatriz Chemical Island in Brazil
Sunday, 11 May 2014 08:00pm EDT 

Akzo Nobel NV:Opens 80 million euro Imperatriz Chemical Island in Brazil.Facility has started supplying chemicals to Suzano Maranhao Pulp Mill.  Full Article

Akzo Nobel and Solvay seal partnership with EY to monitor sustainable raw material use
Tuesday, 6 May 2014 08:00pm EDT 

Akzo Nobel NV:Akzo Nobel and Solvay have joined forces with EY (Ernst & Young) to jointly develop monitoring system that tracks and quantifies use of renewable raw materials in paints, coatings and other applications.Solvay, Akzo Nobel and EY will develop "chain of custody methodology" to ensure that even in situations where no physical segregation of petro and bio-based materials is practiced, volumes may still be assigned and reported.  Full Article

Akzo Nobel NV opens new energy efficient membrane electrolysis plant in Germany
Tuesday, 6 May 2014 02:01am EDT 

Akzo Nobel NV:Announces the inauguration of its new chlorine membrane electrolysis plant in the Rhein-Main area, Germany.Says the plant is the result of a conversion and expansion project begun in 2011 and involving a 140 million euros investment by the company. Capacity has been increased by 50 percent whilst at the same time reducing the plant's overall ecological footprint by some 20 percent.  Full Article

Akzo Nobel NV approves dividend
Tuesday, 29 Apr 2014 11:57am EDT 

Akzo Nobel NV:Agrees that the 2013 financial year dividend would be 1.45 Euro (2012:1.45Euro) per common share.Interim dividend of 0.33 Euro was paid in November 2013, which means the final payment will be 1.12 Euro per share.Final dividend will be paid on May 28.Ex-dividend as of May 2.Record date is May 6.  Full Article

BRIEF-Akzo Nobel signs global supply agreement with Daimler

* Daimler AG has signed an agreement with AkzoNobel performance coatings making company one of approved suppliers of vehicle refinishes to Daimler dealerships and approved bodyshops worldwide

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