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In the first quarter, Akzo Nobel sees earnings cut in half

Speciality chemicals unit sold to consortium made up of Carlyle and GIC

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Published in issue 18/2018
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The Dutch chemicals group Akzo Nobel N.V., headquartered in Amsterdam, ended the first quarter of 2018 with an 8% slide in revenues from continuing activities to €2.176bn (Jan.-March 2017: 2.377bn). Akzo Nobel said that this slump was primarily fuelled by unfavourable currency effects from the company’s ...

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