AkzoNobel advances $25B Axalta merger, sells SE Asia unit, Q2 profit up
Q2 profit rises, full-year targets on track AkzoNobel's Q2 profit rose to €139 million from €124 million, with adjusted EBITDA up to €398 million. Revenue slipped slightly to €2.59 billion, but the company remains on track for full-year targets and expects €100 million EBITDA improvement. This supports the share price by showing steady profitability and progress.
Earnings growth and target confirmation directly support the investment case and share price.
Axalta merger progresses with governance tweaks and strong Axalta results AkzoNobel and Axalta improved merger governance (annual director elections, lower approval threshold) after shareholder talks. Axalta posted record Q2 EBITDA of $305 million and projects $600 million in annual cost synergies. These developments keep the $25 billion merger on track, boosting confidence in future value.
Merger progress and partner strength are key catalysts for the pending deal and future earnings.
AkzoNobel sells SE Asia decorative paints unit to Nippon Paint AkzoNobel agreed to sell its Southeast Asian architectural coatings business to Nippon Paint for $1.35 billion, concluding its strategic review of Asian decorative paints. This simplifies the business and raises cash ahead of the Axalta merger, likely supporting the share price.
Divestment sharpens focus and strengthens balance sheet before merger, a positive for shareholders.
EU set to approve Axalta deal with vehicle-refinish divestments AkzoNobel will offer divestments in vehicle refinish to satisfy EU regulators, and the EC is expected to approve the $25 billion Axalta deal. The powder coating concerns were dropped. This removes a major regulatory hurdle, making the merger completion more likely and supporting the share price.
Regulatory clearance is a critical step for the merger to close, directly affecting deal certainty and valuation.