AkzoNobel and Axalta Win EU Merger Approval
AkzoNobel and Axalta have secured conditional EU antitrust approval for their 25 billion dollar merger. The companies agreed to divest European assets to address competition concerns.
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AKZO NOBEL N.V. and AXALTA COATING SYSTEMS LTD secured conditional European Union antitrust approval for a $25B merger on Friday afternoon. The transaction follows a wave of consolidation in the coatings sector driven by rising operating costs and trade policy uncertainties in the United States. Divesting specific European assets was the key condition for antitrust clearance from regulators.
