Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Akzo Nobel completes takeover of ICI

Share this article

13:16 CET+01:00
Swedish-Dutch chemicals and paints group Akzo Nobel announced on Wednesday that it had completed the purchase of British peer ICI.

The European Commission gave its approval to the takeover in mid-December on condition that Akzo "divest activities in the UK, Ireland and Belgium as well as a shareholding in the adhesives manufacturer Purbond."

Last August, Dulux manufacturer ICI agreed to be bought by its rival for £8.0 billion (€11.2 billion, $16.3 billion).

Akzo said ICI shares will be taken off the London Stock Exchange as of Thursday.

Get notified about breaking news on The Local

Share this article

From our sponsors

‘No other place in Europe has such as high density of talent'

London has always had a certain allure that pulls in entrepreneurs from near and far. As one of the world's most connected cities, a top financial centre and a multicultural melting pot, countless professionals from Europe and beyond are drawn to London like moths to a flame.