AkzoNobel confirms Nippon Paint bids for Decorative Paints unit at EUR 7.5 billion

• Nippon Paint submitted multiple conditional, non-binding proposals to buy AkzoNobel’s Decorative Paints unit at an indicative enterprise valuation of EUR 7.5 billion.
• The boards rejected the approach, calling the valuation too low.
• AkzoNobel reiterated its unanimous backing for a merger of equals with Axalta, announced on Nov. 18, 2025.

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