Akzo Nobel to buy BASF coatings for 475 million euros

February 17, 2016 12:18 PM

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AMSTERDAM (Reuters) – Paint and coatings maker Akzo Nobel has agreed to buy BASF’s industrial coatings business for 475 million euros ($531 million) to strengthen its position in various markets.

The two companies had said on Feb. 11 they were in talks on a possible deal.

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