The transaction, which is subject to regulatory approvals, involves a total of six sites, four of which are located in China.
Akzo Nobel Acquires Full Ownership of Asian JV
ARNHEM, The Netherlands - Akzo Nobel has gained full control of its Asian Akzo Nobel Chang Cheng Coatings joint venture after acquiring the remaining shares. The transaction, which involved purchasing the outstanding 16.66% shares owned by main partner Chang Cheng Securities, means that the company now wholly owns its powder coatings operations in China, Taiwan and Hong Kong.
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