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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  AkzoNobel    AKZA   NL0000009132

AKZONOBEL (AKZA)
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AkzoNobel : Confirms it is Talks With Axalta Over Potential Merger

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10/30/2017 | 07:47am CET

By Maryam Cockar

AkzoNobel N.V. (>> AkzoNobel) confirmed Monday that it is in "constructive discussions" with U.S. rival Axalta Coating Systems Ltd. (>> Axalta Coating Systems Ltd) over a potential merger of their paints and coatings businesses.

The Dutch chemicals group also said that the separation of its specialty chemical business, including the return of the majority of the proceeds of the transaction to shareholders, remains on track for April 2018 and is unaffected by the potential merger.

AkzoNobel added that the possible merger with Axalta could create a leading, global paints and coatings company through a merger of equals.

Write to Maryam Cockar at [email protected]

Stocks mentioned in the article : AkzoNobel, Axalta Coating Systems Ltd
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Financials (€)
Sales 2017 14 622 M
EBIT 2017 1 534 M
Net income 2017 937 M
Debt 2017 1 798 M
Yield 2017 2,85%
P/E ratio 2017 21,16
P/E ratio 2018 19,81
EV / Sales 2017 1,46x
EV / Sales 2018 1,44x
Capitalization 19 570 M
Chart AKZONOBEL
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AkzoNobel Technical Analysis Chart | AKZA | NL0000009132 | 4-Traders
Technical analysis trends AKZONOBEL
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 79,1 €
Spread / Average Target 1,8%
EPS Revisions
Managers
NameTitle
Thierry F. J. Vanlancker Chief Executive Officer
Antony Burgmans Chairman-Supervisory Board
Hans de Vriese Chief Financial Officer & Group Controller
Peggy Bertha Bruzelius Member-Supervisory Board
Louis R. Hughes Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AKZONOBEL30.81%23 106
SHERWIN-WILLIAMS CO43.62%36 286
PPG INDUSTRIES, INC.19.66%29 013
ASIAN PAINTS LTD32.85%17 450
NIPPON PAINT HOLDINGS CO LTD20.09%11 053
AXALTA COATING SYSTEMS LTD18.93%8 084