GlobeNewswire·Nov 11, 2026, 3:07 AM ET

Update on the UK Competition and Markets Authority’s review of the AkzoNobel-Axalta merger

AkzoNobel and Axalta are reviewing the UK Competition and Markets Authority's Phase 1 decision regarding their proposed merger.
The CMA identified competition concerns exclusively related to vehicle refinish coatings supply in the UK.
Both companies plan to address these concerns using a remedy proposal identical to the one accepted by the European Commission.
The agreed remedy involves the divestment of AkzoNobel's European vehicle refinish coatings business, including its UK operations.
The companies expect to complete the merger by early 2027.
The combined entity will generate approximately $17 billion in revenue with a portfolio spanning powder, aerospace, refinish, mobility, marine, protective, industrial, and decorative coatings.
AkzoNobel shareholders approved the transaction on August 5, 2026.
Axalta shareholders approved the transaction on August 5, 2026.
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 filed a definitive proxy statement with the SEC on June 24, 2026.
The merger will unite two leading coatings companies with complementary technologies & brands.