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Europe · Business news · Corporate · 05 Oct 2026

AkzoNobel sells its Southeast Asia and Australia decorative paints to Nippon Paint for $1.35 billion

EU Materials

What happened

Dutch paint maker AkzoNobel agreed to sell its decorative paints businesses in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia to Japan's Nippon Paint Holdings for $1.35 billion. The businesses had 2025 revenue of $291 million and EBITDA of $65 million, a margin of about 22%. The Indonesian sale is due to close in late 2026 and the rest around mid-2027, subject to regulatory approval. Nippon Paint is paying with cash and bank borrowings and is issuing no new shares.

Why it matters for listed companies

The price is about 21 times the units' 2025 EBITDA, a high multiple for a paints business, and AkzoNobel's shares rose 2.3% on the news; Nippon Paint closed 3.45% higher in Tokyo. For AkzoNobel it turns a small, profitable regional business into cash while it reshapes its portfolio. For Nippon Paint it is a partial result: its earlier proposal for all of AkzoNobel's decorative paints, valued at about €7.5 billion, was rejected. The deal adds to consolidation in Asia-Pacific coatings, where Nippon Paint already competes with regional and Indian paint makers; the report gives no figures for the effect on rivals.

Reported by Investing.com — “AkzoNobel rises as Nippon Paint buys Asia-Pacific unit for $1.35 bln” ↗ on 05 Oct 2026.

Rates and currencies since this was reported

Official series on 05 Oct 2026 or the last day before it, and the latest observation.

ECB deposit facility rate
2.50% → 2.50% unchanged
05 Oct 2026 → 15 Oct 2026 · European Central Bank
Euro area 10-year yield (AAA)
3.50% → 3.51% +1 bp
05 Oct 2026 → 14 Oct 2026 · European Central Bank
Euro in US dollars
1.1204 → 1.1208 +0.0004
05 Oct 2026 → 15 Oct 2026 · ECB reference rate
Euro in pounds sterling
0.8472 → 0.8461 -0.0011
05 Oct 2026 → 15 Oct 2026 · ECB reference rate
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

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