Akzo Nobel Shows Risks Around Volumes, Merger

Dow Jones07-22 15:40

0740 GMT - Akzo Nobel's pricing has improved, but sales-volumes trajectory and increasing expectations around the Axalta merger need resolving, Bernstein analysts James Hooper and Sebastien Afoy say in a research note. The Amsterdam-based company, owner of brands like Dulux and Interpon, posted a second-quarter performance of its coatings division that held up better than expected, the analysts say. However, the decorative paints division for the Europe, Middle East, and Africa regions as well as China, were impacted by the Strait of Hormuz crisis, the analysts say. "With disruption likely to extend, we believe volume trends need monitoring," they add. The rejections of various takeover proposals are increasing expectations around the merger with Axalta, Bernstein adds. Shares trade 2% higher at 58.24 euros. (nina.kienle@wsj.com)

 

(END) Dow Jones Newswires

July 22, 2026 03:40 ET (07:40 GMT)

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