Sep 5 2003
Akzo Nobel have announced that will sell off three of its businesses to reduce debt. These businesses are:
- Coating resins
- Phosphorus chemicals
The businesses have been described as profitable and the company has stated that they are in no hurry to sell. They will wait until they get a fair price for the businesses, that will provide good value to shareholders.
They have revealed that they have received offers for the business both in the past and recently.
For more information on coatings, click here.