Akzo concludes sale of Specialty Chemicals

29.10.2018 − 

Dutch Akzo Nobel completed the sale of its special chemical division to US-American The Carlyle Group and the Government of Singapore Investment Corporation (GIC) on 1 October. As announced at the disclosure of the sale at the end of the first quarter, the net proceeds amounted to 7.5bn €. According to a release published on 2 October, 5.5bn € of this is being distributed amongst the shareholders. This is to take place in the form of capital repayment and share consolidation to the amount of 2bn €, a share buyback of 2.5bn €, and a special dividend of 1bn €.

Tags of this news:

previous − Power plant overhaul reduces Westag & Getalit turnover

Valmet and Andritz to supply pulp plant for Arauco  − next