AkzoNobel sells Dulux business and Deutsche Bank keeps Hold on AkzoNobel stock

Published on 10/07/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The deal carries USD 1.35 billion and expected net cash of USD 1.00 billion. AkzoNobel stock costs EUR 58.80 after EUR 58.42 on October 7, 2026.

Bauhaus-Poster mit Formen und Schriftzug CHEMIE für Akzo Nobel N.V — Geometrisches Bauhaus-Poster mit Sektor-Schriftzug CHEMIE repräsentiert Branche von Akzo Nobel N.V., ISIN NL0013267909, künstlerisch, Illustration mit AI erstellt.

AkzoNobel (ISIN NL0013267909) was trading at EUR 58.80 at Lang & Schwarz on October 7, 2026 at 10:16 a.m. CEST, up 0.65 percent from the prior close of EUR 58.42. The company agreed on October 5 to sell its Dulux decorative paints business across Southeast Asia and Australia to Nippon Paint, while Deutsche Bank kept a Hold rating on October 6.

Dulux sale sets the latest catalyst

According to Reuters, the transaction covers Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia. Indonesia is expected to close in late 2026, while the other transactions are expected to close in mid-2027.

The filing published by StockTitan states that the deal carries USD 1.35 billion in enterprise value and a 21.00 times fiscal 2025 adjusted EBITDA multiple. AkzoNobel expects USD 1.00 billion in net cash after taxes and payments to minority partners.

Analyst view stays cautious

finanzen.net reported on October 6 that Deutsche Bank Research kept AkzoNobel at Hold with a EUR 60.00 price target. The target is EUR 1.20 above the Lang & Schwarz price, a 2.04 percent premium calculated against EUR 58.80.

The same analysis identified the portfolio sale as a positive step, but the target leaves limited numerical distance from the current euro quote. That contrast matters because the divestment provides cash while the proposed Axalta merger remains a separate execution task.

Stock remains below yearly high

AkzoNobel's primary listing is on Euronext Amsterdam under ticker AKZA. The finance quote showed a market capitalization of EUR 10.1 billion and a 52-week range of EUR 46.18 to EUR 67.64 as of October 7, 2026, placing the Lang & Schwarz price EUR 8.84 below the yearly high.

For investors, the sale changes the portfolio mix rather than adding a new operating segment. AkzoNobel keeps its Coatings activities and Global Business Services organization, while the announced proceeds and closing timetable make regulatory approvals and transaction execution the next measurable milestones.

Price holds above prior close

AkzoNobel stock was trading at EUR 58.80 at Lang & Schwarz on October 7, 2026 at 10:16 a.m. CEST, plus 0.65 percent versus the prior close of EUR 58.42 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of AkzoNobel stock.