Coatings business for sale a better fit for AkzoNobel than BASF

The industrial coatings business units that AkzoNobel is in talks to acquire from BASF would fit into the Netherlands-based company’s portfolio more comfortably than it does for its current owner, an analyst said on Thursday. AkzoNobel is in talks to acquire BASF’s international coil coatings operations, alongside foil and paint, wind and general industry coatings, while BASF would retain the automotive and transport parts of its coatings division.

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