Akzo Nobel's Paper Chemicals business sale to Kemira delayed
Akzo Nobel's Paper Chemicals subsidiary sale to Kemira, the Finnish chemicals group, is expected to complete in 2Q15 as opposed to the first quarter of this year as previously announced, the Financieele Dagblad reported, without citing a particular source.
The groups are currently awaiting approval from the Ukrainian regulatory authority, the item said.
Akzo Nobel, the Netherlands-based paint manufacturer, announced in July that it is in the process of selling its subsidiary for EUR 153m to Kemira.
Source Financieele Dagblad