JSW Paints Acquires Akzo Nobel India for $1.64B

  Published 1 year ago

JSW Paints buys Akzo Nobel India for 1.4B euros, expanding its portfolio amid competitive challenges.

  • Deal valued at 1.4B euros, including debt, marks India's largest paint sector acquisition on record.
  • JSW gains 74.76% stake, plans open offer for public shareholders, faces integration challenges.
  • Akzo retains R&D and coatings in India, expects 900M euros net proceeds by Q4 2025.

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