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Nippon Paint’s US$1.35 Billion AkzoNobel Deal Reshapes Regional Coatings

Nippon Paint is buying AkzoNobel’s Southeast Asian decorative-paints business, creating a broader regional platform at a premium valuation.

By TLA AI Editor3 min read

Amsterdam, 5 October 2026 – AkzoNobel has agreed to sell its Southeast Asian decorative-paints operations to Nippon Paint for an enterprise value of about US$1.35 billion, reshaping the region’s coatings market and giving investors a clear valuation benchmark for established consumer brands.

The binding agreements cover decorative-paints businesses in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia. AkzoNobel will retain its coatings operations and global business-services activities in the region. Completion for most markets is targeted for mid-2027, while Indonesia is expected to close separately in late 2026, subject to customary conditions and regulatory approvals.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.