The Commission said on Friday that the divestiture would fully address its competition concerns. The approval remains conditional on the business being sold to a suitable buyer.
In section Market Quotes
EU Clears Akzo Nobel’s Axalta Deal With Divestiture Condition
The European Commission has conditionally approved Akzo Nobel’s proposed acquisition of Axalta Coating Systems, accepting the companies’ offer to sell Akzo Nobel’s vehicle-refinish coatings business in the European Economic Area to a suitable buyer.
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