Akzo Nobel Starts Talks to Sell European Unit to Clear Axalta Merger
Akzo Nobel has begun early talks to sell its European vehicle refinishing business, a step EU regulators require for the Axalta merger.
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what happened
Akzo Nobel is at an early stage of talks with potential buyers for its European vehicle refinishing business, CEO Greg Poux-Guillaume told Interview. The company wants to win antitrust clearance for its proposed merger with U.S. peer Axalta Coating Systems.
The combined group, with a market value of roughly $19 billion, is expected to close by the beginning of 2027 under the name Axanzo. EU authorities want a signed sale agreement, while U.S. regulators require the sale of Axalta's wood-paints business to be completed. Axalta said on Tuesday that that sale is already under way.
Akzo is considering both industry players and private equity as possible buyers. On Wednesday the company reported flat third-quarter revenue of 2.54 billion euros and a narrowed net loss of 178 million euros.
why it matters
For markets, the deal shows how antitrust conditions shape large chemical mergers. The pace of talks and the terms of approval affect how investors value both companies.
market impact
Akzo Nobel and Axalta: timing of merger approval and asset sale terms weigh on their valuations
tags
instruments
sources
- Akzo Nobel in Talks to Shed European Refinishing Unit for Axalta Merger Nod — Interview, 21 October 2026 at 11:05 UTC
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