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Market Chatter: Nippon Paint Said to Bid 7.5 Billion Euros for Akzo Nobel's Paint Unit

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Japan's Nippon Paint (TYO:4612) offered to buy Netherlands-based Akzo Nobel N.V.'s decorative paints business several times in June, with the latest offer standing at 7.5 billion euros, Bloomberg News reported Monday, citing people with knowledge of the matter.

Akzo Nobel has yet to respond to Nippon Paint's proposal or notify its shareholders about the bid, the report said.

The latest offer values the unit at about 12 times its 2026 EBITDA, according to the report.

Nippon Paint and Akzo Nobel did not immediately respond to' request for comment.

Shares of Nippon Paint fell nearly 3% in recent trade in Tokyo.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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