FINWIRES · TerminalLIVE
FINWIRES

Update: Nippon Confirms EUR7.5 Billion Bid for Akzo Nobel's Paint Unit

By

(Updates to reflect Nippon Paint's confirmation)

Japan's Nippon Paint (TYO:4612) has confirmed that it has proposed to acquire Netherlands-based Akzo Nobel N.V.'s decorative paints business for 7.5 billion euros.

The company issued the statement in a Tokyo Stock Exchange filing Monday morning in response to a Bloomberg News report on Sunday, which cited people with knowledge of the matter.

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

The latest offer reportedly values the unit at about 12 times its 2026 EBITDA.

Nippon Paint said no specific details regarding the acquisition have been decided.

Shares of Nippon Paint fell 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.)

Related Articles

Asia

GAC Warns of Wider Loss in H1

Guangzhou Automobile Group or GAC (HKG:2238, SHA:601238) expects an attributable loss of between 4.06 billion yuan and 4.57 billion yuan for the first half of 2026, wider than 2.54 billion yuan a year prior.The automaker attributed the forecast to a wider loss from self-developed brands, lower investment income, and foreign exchange losses, according to a Friday Hong Kong bourse filing.

HKG:2238SHA:601238
Asia

Jiumaojiu International Posts Mixed Same-Store Daily Sales in Q2

Jiumaojiu International Holdings (HKG:9922) posted mixed results for same-store average daily sales across major brands in the second quarter of 2026, according to a Friday Hong Kong bourse filing.Self-operated Tai Er stores recorded a 6.1% rise in same-store average daily sales. On the other hand, Song Hot Pot fell 26% and Jiu Mao Jiu declined 14%.As of June 30, Jiumaojiu operated 606 restaurants, including 477 Tai Er outlets.Average spending per customer across major brands has remained relatively stable for several consecutive quarters.

HKG:9922
Asia

CSSC Offshore & Marine Engineering Forecasts Up to 69% Surge in H1 Profit

CSSC Offshore & Marine Engineering (HKG:0317, SHA:600685) expects an attributable profit of between 790 million yuan and 890 million yuan for the first half of 2026, up 50% to 69% from 526.4 million yuan a year prior.The marine and defense equipment manufacturer attributed the forecast to a rise in product gross profit amid production and operational efficiency, as well as higher recognized investment income.

HKG:0317SHA:600685