Akzo Nobel chemical division disposal to PE firm could be opposed by unions (translated)
25 AUG 2017
Two of the biggest Dutch trade unions will not rule out industrial action if Akzo Nobel's [AMS:AKZA] Specialty Chemicals unit is sold to a private equity firm, Het Financieele Dagblad reported, citing union officials.
Apollo, Carlyle, Blackstone, CVC, KKR, and Advent are said to be among the companies eyeing the division, as previously reported.
Union representatives said they would oppose a deal with a PE firm and further noted employees of the unit are already feeling insecure over the situation, the item added.