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#JustIn | #AkzoNobel issues clarification on report ‘portfolio review by the holding company/ promoter / parent company’ We have not received any specific information/ communication from the parent company about any such event. We are not in a position to ascertain the… https://t.co/xTD5hirl5g https://t.co/eMIkz7NLSX
Mega deal being painted? Berger Paints to BUY Dulux maker Akzo Nobel's India stake? https://t.co/C0GN3uDwP6
#JustIn | #BergerPaints issues clarification on CNBC-TV18 report ‘co is looking to buy #AkzoNobel’s India stake. At present there is no material event/ information/ development in this matter, says Berger Paints https://t.co/lTCO3LDiJF https://t.co/I4dAhyzhXt
Akzo Nobel India Ltd announced on January 6 that its parent company, Akzo Nobel NV, is considering a strategic evaluation of its powder coatings business and international research and development operations. This proposal may involve the potential sale of its India stake. In related news, Berger Paints has been mentioned as a potential buyer for Akzo Nobel's 74.6% stake in the Indian market, leading to a 7% rise in its shares. However, Berger Paints later clarified that there is currently no material development regarding the acquisition. Akzo Nobel also issued a statement indicating that it has not received any specific communication from its parent company about the proposed portfolio review.
