Akzo Nobel to Sell SE Asia Decorative Paints Unit for $1.35 Billion

Key Facts

1Akzo Nobel announced the sale of its Southeast Asia decorative paints business for $1.35 billion.

2The deal marks the conclusion of the company's decorative paints portfolio review in Asia.

3The company intends to focus on closing its planned merger with Axalta Coating Systems.

Akzo Nobel announced the sale of its Southeast Asia decorative paints business for $1.35 billion. The Wall Street Journal reported that the deal marks the conclusion of the company's portfolio review for its decorative paints division in Asia. The company intends to focus on closing its planned merger with Axalta Coating Systems.

AKZOY closed at $21.22 on October 2, 2026, while AXTA closed at $32.20 on the same date. This strategic divestiture is aimed at streamlining the company's portfolio and strengthening its financial position ahead of the upcoming mega-cap merger.