Akzo Nobel NV (AKZOY.PK) Key Developments | Reuters.com
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Akzo Nobel NV (AKZOY.PK)

AKZOY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

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

Akzo Nobel NV to invest in performance coatings activities in Vietnam
Tuesday, 22 Sep 2015 04:00am EDT 

Akzo Nobel NV:To invest in performance coatings activities in Vietnam.The new production line in Dong Nai will be ready in November and will be supported by a 20 pct increase in workforce.Company also intends to open a new office for performance coatings in Ho Chi Minh City.  Full Article

Akzo Nobel to invest over 1.3 mln euros in pilot plant for coating resins
Monday, 31 Aug 2015 08:00pm EDT 

Akzo Nobel NV:Is to invest more than 1.3 million euros ($1.5 million) to build a pilot plant for coating resins at its performance coatings site located in felling, UK.Start-up is expected in Q1 of 2016.  Full Article

Akzo Nobel announces partnership with Siemens
Tuesday, 28 Jul 2015 04:00am EDT 

Akzo Nobel NV:Akzo Nobel working with Siemens AG to supply coatings for German power plant.Akzo Nobel’s Performance Coatings business is working with Siemens to provide coatings and corrosion protection for the expansion of a major power plant in Düsseldorf, Germany.  Full Article

Dutch chemicals maker AkzoNobel says will maintain UK investments

AMSTERDAM, June 24 Dutch chemicals maker AkzoNobel said on Friday that Britain would remain an important market for the company and that it would continue to invest there even after the country's vote to leave the European Union.