AkzoNobel formalises €1.4bn bid for Finland’s Tikkurila

Tikkurila paints

Acquisition must now be approved by Tikkurila shareholders

Dutch paints and coatings giant AkzoNobel NV has formally notified the board of directors of Tikkurila Oyj that it plans to buy the Finnish paint maker for around €1.4bn.

This month, AkzoNobel made a “non-binding proposal” to pay…

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