LONDON/AMSTERDAM: Dutch chemicals group Akzo Nobel NV has agreed to buy Britain's ICI Plc for £8bil (US$16.2bil) to boost its position as the world's biggest industrial coatings maker.
However, Akzo still has to secure shareholder support for the deal amid newspaper reports that at least one of its major investors, US fund TPG-Axon, is opposed to the tie-up.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!