Akzo has agreed to buy remaining Akcros stake

Article Abstract:

Akzo Nobel NV, an integrated Dutch chemicals firm, is paying Elementis PLC of the UK 69.5 million pound sterling for its 50% stake in their joint venture Akcros Chemicals. Elementis and Akzo created the joint venture in 1993 to make performance chemicals and plastic additives. Elementis, however, announced recently that most of the operation was no longer part of its strategy. Elementis will be paid 54.2 million pound sterling in cash by Akzo, which will also take on Elementis' share of external net borrowings. Akzo will also take on the repayment to Elementis of a short-term loan that Akcros took.

Comment:

Is selling to Akzo Nobel NV its 50% stake in their joint venture Akcros Chemicals for 69.5 mil pound sterling

Akcros Chemicals Ltd., Elementis plc

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Akzo nears acquisition of Courtaulds

Article Abstract:

Akzo Nobel NV, a Dutch chemical firm, is close to acquiring Courtaulds PLC for 1.83 billion pounds sterling ($3 billion). The acquisition would make Akzo Nobel the leading company in the market for paintings and coatings, along with giving Akzo Nobel the chance to combine its fibers business with Courtaulds'. Meanwhile, Akzo Nobel has agreed to sell Courtaulds' packaging and decorative coatings operations to PPG Industries Inc. of the US, who previously declared it would not rival Akzo Nobel's bid as long as Akzo Nobel sells the assets.

Comment:

Is close to acquiring Courtaulds PLC for 1.83 bil pounds sterling ($3 bil)

Noncellulosic Fibers, Noncellulosic Organic Fiber Manufacturing, Courtaulds PLC

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Ahold has global retailing girth but limited muscle; Dutch grocery giant feels pressure to beef up presence in Europe

Article Abstract:

Dutch supermarket giant Koninklijke Ahold N.V. has revised its planned expansion following the acquisition of Giant Food Inc. of the United States. Instead of purchasing underperforming operations or creating new supermakrket chains, Ahold is looking for larger, successful organizations. While the company has a significant presence in Latin America and the U.S., its market share in Europe has so far been limited. In order to survive in that market, which uses the single currency of the euro, Ahold will have to expand.

Strategy & planning, Supermarkets and Other Grocery (except Convenience) Stores, Grocery stores, Supermarkets, Abstract, Koninklijke Ahold N.V.

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