GlobeNewswire·Nov 6, 2026, 11:45 AM ET

European Commission approves AkzoNobel and Axalta merger of equals

AkzoNobel & Axalta received conditional approval from the European Commission for their proposed all-stock merger of equals.
The transaction is expected to close in early 2027, subject to pending regulatory approvals.
Approval was granted after both companies agreed to divest AkzoNobel's European vehicle refinish business to address competition concerns.
The remedy removes horizontal overlap in the European Economic Area, UK, & Switzerland while preserving competition & customer choice in vehicle refinish coatings.
No other competition issues were identified by the European Commission in any other markets.
The combined entity will generate approximately $17 billion in revenue with a portfolio spanning Powder Coatings, Aerospace Coatings, Refinish, Mobility, Marine, Protective, Industrial, & Decorative Coatings.
Greg Poux-Guillaume will serve as CEO of the combined company, while Axalta's Chris Villavarayan will serve as Deputy CEO.
AkzoNobel filed a registration statement on Form F-4 with the SEC on May 27, 2026, which was declared effective on June 23, 2026.
Axalta mailed its definitive proxy statement to shareholders on June 24, 2026.