https://www.live-feeds.com/feed/akzo-nobel-to-sell-southeast-asia-decorative-paints-business-for-1-35-billionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/akzo-nobel-to-sell-southeast-asia-decorative-paints-business-for-1-35-billionhttps://www.live-feeds.com/feed/akzo-nobel-to-sell-southeast-asia-decorative-paints-business-for-1-35-billion#u108415Wed, 07 Oct 2026 09:35:13 +0000Akzo Nobel has agreed to sell its decorative paints business in Southeast Asia and Australia to Japan-based Nippon Paint at an enterprise value of $1.35 billion. The transaction encompasses operations across Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea, and Australia. According to the Dutch paint company, the deal marks the completion of its decorative paints portfolio review in Asia as it shifts focus toward closing its planned merger with Axalta Coating Systems. Binding agreements have been finalized for the multi-country transfer.Why it mattersThe divestment represent