AkzoNobel and Axalta face EU merger approval
AkzoNobel and Axalta Coating Systems are poised to secure EU antitrust approval for their twenty five billion dollar merger. The companies agreed to sell the vehicle refinish business to resolve competition concerns. They will submit the formal remedy offer next week.
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AKZO NOBEL N.V. and AXALTA COATING SYSTEMS LTD are set to secure conditional EU antitrust approval for their $25 billion merger by pledging to divest Axalta's vehicle refinish business, people familiar with the matter said on Wednesday.
