Akzo Nobel to make one or two acquisitions yearly (translated)
09 MAR 2018
Dutch paint company Akzo Nobel [AMS:AKZA] is expecting to make one or two acquisitions a year, De Financieele Telegraaf reported. The paper cited CFO Maarten de Vries.
In a short interview with the paper, the CFO said Akzo Nobel is again in a position to start buying companies. De Vries said he is eying several firms that are for sale, but asking prices are still too high. Still, De Vries expects to make several acquisitions. He did not name specific targets.
Last year, US paint company Axalta [NYSE: AXTA] held merger talks with Akzo Nobel but they failed. There is currently no direct or indirect contact between the two companies, the report added, citing Akzo Nobel CEO Thierry Vanlancker.
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