Akzo Nobel NV Acquires 50% Stake and Management Control of Sadolin Paints Oman SAOC Through Joint Venture Agreement with Omar Zawawi Establishment LLC
Akzo Nobel NV announced that it has acquired a 50% stake and management control of Sadolin Paints Oman SAOC, which employs around 150 people. Akzo Nobel NV signed a joint venture agreement with Omar Zawawi Establishment LLC (promoter and shareholder of Sadolin Paints Oman SAOC) which involves the manufacture and sale of decorative paints and performance coatings in Oman. Financial details were not disclosed.
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