Akzo Nobel Coatings International B.V. reached an agreement to acquire Grupo Orbis S.A. (BVC:ORBIS) on June 29, 2021. The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins) and Mundial (distribution and services). The transaction is subjected to regulatory approvals. As of July 30, 2021, Superintendencia Financiera de Colombia approved the transaction. As of June 29, 2021, transaction is expected to close by the end of 2021 or by early 2022. As of July 2, 2021, the closing is expected to occur in mid of 2022.

Posse Herrera Ruiz, José Alejandro Torres, Juan Guillermo Ruiz, Mariana Posse, Carolina Camacho, Jorge de los Ríos, Emilia Arango, Daniel Meza, Laura Aristizábal, Felipe Pardo, Adriana Cabal, Héctor Otálora, Sergio Salazar, Santiago Piedrahita, David Celis, Cristina Álvarez, Laura Torrado, María Paula Romero and Rafael Guerrero of Adriana Castro, Ronald Lachner, Uri Weinstock and Adriana Acuña of BLP Legal, and Martin Pallares, with Daniel Robalino and Daniel Peré of Robalino Law acted as legal counsel to the shareholders of Grupo Orbis S.A., while Andres Crump Natalia, Ponce de León and Juliana Gómez of Baker Mckenzie acted as legal advisor to AkzoNobel on the deal. BofA Securities acted as a financial advisor is the transaction. Bank of America acted as financial advisor to Grupo Orbis. Banco Santander acted as financial advisor to AkzoNobel


Akzo Nobel Coatings International B.V. completed the acquisition of Grupo Orbis S.A. (BVC:ORBIS) on April 22, 2022.