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Akzo Nobel to Sell Southeast Asia Decorative Paints Business for $1.35 Billion

Dutch paint maker Akzo Nobel has agreed to sell its Southeast Asia decorative paints business in a deal valued at $1.35 billion, according to a Wall Street Journal report. The sale marks a significant retreat from the region's consumer paint market, and the news is drawing attention from investors watching Akzo Nobel's strategy of streamlining its portfolio.

Why now: The large divestment by a major paints company is fresh breaking business news.

Akzo NobelSoutheast AsiaWall Street Journal

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• Akzo Nobel to Sell Southeast Asia Decorative Paints Business for $1.35 Billion · WSJ

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