AkzoNobel explores partnerships or stake sale for Dulux in India

AkzoNobel NV, the Dutch company that owns Dulux, is considering different options for its decorative paints business in India, such as potential partnerships or selling a stake.

AkzoNobel's CEO, Gregoire Poux Guillaume, mentioned key players in the market, including Grasim Industries and Asian Paints, during a recent earnings call. The company is facing increasing competition and is exploring various avenues to address this challenge.

One option being considered is forming alliances with partners who have stronger distribution networks. Another possibility is completely exiting the Indian market. This strategic review is part of AkzoNobel's plan to focus its capital on its core coatings business. It indicates a broader reassessment of the company's position in South Asia, particularly in a market that is seen as ready for consolidation.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings