nuOct 21, 2026, 08:10

AkzoNobel raises prices and remains on track for merger with American firm Axalta

AkzoNobel reported steady quarterly revenue of 2.5 billion euros and profit of 388 million euros, helped by price hikes and currency effects. The company is proceeding with its merger with American firm Axalta, which will result in a new entity named Axanzo and a move to the New York Stock Exchange.

AkzoNobel reported a quarterly revenue of 2.5 billion euros, matching the figures from the previous year, with a profit of 388 million euros. This financial performance was supported by increased selling prices and favorable exchange rate effects. However, the company faced operational challenges, including state supervision of its activities in Russia and the sale of its Indian operations to Nippon Paint for 1.2 billion euros. Following these developments, the company remains focused on its planned merger with the American firm Axalta.

The upcoming merger will create a new entity named Axanzo, which is expected to be finalized early next year. Once the deal is completed, AkzoNobel will delist from the Amsterdam Stock Exchange and transition to a listing in New York. While the unified company will maintain two headquarters, its primary legal registration will remain in the Netherlands. The combined workforce will consist of approximately 46,000 employees, and the current AkzoNobel CEO is slated to lead the merged organization.

Economy Business Amsterdam Netherlands

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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