AkzoNobel and Kansai Paint mutually agree not to proceed with African transaction

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AkzoNobel and Kansai Paint have mutually agreed not to proceed with the company’s intended acquisition of Kansai’s paints and coatings activities in Africa. Commenting on the decision, AkzoNobel CEO, Greg Poux-Guillaume, says: “It’s disappointing that this intended acquisition cannot move forward, but we remain committed to our strong businesses and leading brands in Africa. As…

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