AkzoNobel divests Asian decorative paints to Nippon Paint for €1.2B

AkzoNobel agreed to sell its decorative paint business in Vietnam, Indonesia, and Australia to Nippon Paint for €1.2 billion, with combined 2025 revenue of $291 million. The deal marks a strategic exit from lower-margin Asian markets, likely to streamline AkzoNobel's portfolio and strengthen Nippon Paint's regional footprint. Financial terms imply a high multiple, but regulatory approvals and integration risks remain.