Reported talksPublished 13 Jul 2026

Nippon Paint Holdings Co. /
AkzoNobel’s Decorative Paints business

Nippon Paint Holdings Co. submits offers for AkzoNobel’s Decorative Paints business

Buy side: Nippon Paint Holdings Co.
Buy sideNippon Paint Holdings Co.
Target: AkzoNobel’s Decorative Paints business
TargetAkzoNobel’s Decorative Paints business
Akzo Nobel N.V. · 13 Jul 2026Source
Buy side: Nippon Paint Holdings Co.
Buy sideNippon Paint Holdings Co.
Target: AkzoNobel’s Decorative Paints business
TargetAkzoNobel’s Decorative Paints business
01 / BuyerNippon Paint Holdings Co.
02 / TargetAkzoNobel’s Decorative Paints business
Source for the buyer and target: Akzo Nobel N.V.

For the buyer and target.

“AkzoNobel notes the recent comments in the media and confirms it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. (“Nippon Paint”) regarding the potential acquisition of AkzoNobel’s Decorative Paints business (the "Proposal") at an indicative enterprise valuation of €7.5 billion (on a cash-free and debt-free basis).”

Published 13 Jul 2026

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01

What happened

AkzoNobel confirmed it received multiple conditional, non-binding proposals from Nippon Paint Holdings Co. regarding a potential acquisition of AkzoNobel’s Decorative Paints business. [01]

The proposals put an indicative enterprise valuation at €7.5 billion on a cash-free and debt-free basis. AkzoNobel said the proposals significantly undervalue the business. [01]

02

The source

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01
Source · Akzo Nobel N.V.

Nippon Paint Holdings Co. submits offers for AkzoNobel’s Decorative Paints business

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  1. Published by Akzo Nobel N.V.

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This dealNippon Paint Holdings Co. / AkzoNobel’s Decorative Paints businessReported talks · Published 13 Jul 2026
BuyerNippon Paint Holdings Co.TargetAkzoNobel’s Decorative Paints business
This dealNippon Paint Holdings Co. / AkzoNobel’s Decorative Paints business

Reported talks · Nippon Paint Holdings Co. in talks for AkzoNobel’s Decorative Paints business (Reported talks, published 13 Jul 2026).

Published 13 Jul 2026
Timeline
  1. Published by Akzo Nobel N.V.
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