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AkzoNobel Confirms Discussions with BASF

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

AkzoNobel has confirmed it is in discussions with BASF with regards to a potential purchase of their Industrial Coatings business.

The strategy of AkzoNobel of driving operational excellence and organic growth includes the possibility to pursue value generating, bolt-on acquisitions, the company noted in statement on their website.

AkzoNobel stated that no further details will be made available at this stage.

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