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Akzo Nobel NV (AKZO.AS)

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Tue, Apr 24 2018

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Akzo Nobel first-quarter profit misses estimates as sales drop

AMSTERDAM Dutch paints and coatings maker Akzo Nobel on Tuesday reported a larger-than-expected 28 percent drop in first-quarter core profit as sales in the marine and oil industry continued to decline and raw material costs rose.

UPDATE 1-Akzo Nobel Q1 profit misses estimates as sales drop

AMSTERDAM, April 24 Dutch paints and coatings maker Akzo Nobel on Tuesday reported a larger-than-expected 28 percent drop in first-quarter core profit as sales in the marine and oil industry continued to decline and raw material costs rose. Akzo reported adjusted operating income of 149 million euros ($182 million) for the first three months of the year, while analysts polled by Reuters had expected 181 million euros.

Akzo Nobel reports 28 pct drop in Q1 core profit

AMSTERDAM, April 24 Dutch paints and coatings maker Akzo Nobel on Tuesday reported a larger-than-expected 28 percent drop in first-quarter core profit, as sales in the marine and oil industry continued to decline. Akzo reported adjusted operating income of 149 million euros ($182 million) for the first three months of the year, while analysts polled by Reuters had predicted a result of 181 million euros.

Sovereign funds take part in record $42 billion of deals in first-quarter

LONDON Sovereign investors participated in deals worth a record $42 billion in the first quarter, led by Singapore fund GIC's involvement in the two biggest transactions, which accounted for $29.6 billion combined.

Akzo Nobel reshapes business with 10 billion euro sale

AMSTERDAM Akzo Nobel will sell its chemicals business in a 10.1 billion euro ($12.6 billion) deal to buyers led by Carlyle Group, the maker of Dulux paints said on Tuesday, making good on a promise made as it fought off a takeover last year. | Video

UPDATE 4-Akzo Nobel reshapes business with 10 billion euro sale

* Akzo to return net proceeds of 7.5 billion euros to shareholders

Akzo Nobel to sell unit to Carlyle, GIC for 10.1 bln euros

AMSTERDAM, March 27 Akzo Nobel said on Tuesday it had reached an agreement with U.S. private equity firm Carlyle Group and Singapore's GIC to sell its Specialty Chemicals business for 10.1 billion euros ($12.6 billion).

BRIEF-Akzo Nobel To Sell Specialty Chemicals To Carlyle Group And GIC For 10.1 Billion Euros

* TODAY ANNOUNCES THE SALE OF 100% OF ITS SPECIALTY CHEMICALS BUSINESS TO THE CARLYLE GROUP AND GIC FOR AN ENTERPRISE VALUE OF €10.1 BILLION‍​

Lanxess drops out of bidding for Akzo Nobel unit: sources

FRANKFURT/LONDON/NEW YORK Germany's Lanxess has dropped out of a consortium bidding for Akzo Nobel's specialty chemicals business, two people close to the matter said.

UPDATE 2-Lanxess drops out of bidding for Akzo Nobel unit - sources

* Unit seen valued at around 9 bln euros (Updates with reaction from Akzo Nobel)

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