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Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.

AnnouncementAnnounced by Baker McKenzie · · summarized by LexCircuit Desk

Baker McKenzie says it advised AkzoNobel on a $1.35 billion paints divestment

Baker McKenzie said it advised AkzoNobel on the $1.35 billion carve-out and proposed sale of its Decorative Paints businesses in six markets to Nippon Paint. The firm said it also advised on a separate proposed sale of AkzoNobel’s Indonesian Decorative Paints business.

Key points

  • The firm listed Vietnam, Malaysia, Thailand, Singapore, Papua New Guinea and Australia as the six markets.Baker McKenzie
  • Baker McKenzie said the principal transaction was expected to complete in mid-2027, subject to conditions including regulatory approvals.Baker McKenzie
  • The firm said the Indonesian sale was expected to close separately in late 2026.Baker McKenzie
  • Baker McKenzie said Denise Ozmis, Joost Polman and Mo Almarini led the team from Amsterdam.Baker McKenzie

The announcement

Firm

Baker McKenzie