NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Dutch Economic Affairs minister says still opposed to Akzo Nobel takeover

Published 25/04/2017, 10:36
© Reuters. FILE PHOTO:  AkzoNobel's logo is seen in Amsterdam
AKZO
-
PPG
-

AMSTERDAM (Reuters) - Dutch Economic Affairs Minister Henk Kamp repeated his opposition to a takeover of paint maker Akzo Nobel (AS:AKZO) on Tuesday, saying he did not care that U.S. rival PPG Industries (N:PPG) had raised its offer.

"Whether the offer is low or high, that doesn't change my opinion," Kamp said in an interview with BNR radio.

"For the Dutch (economy), it's good that the leadership of Akzo Nobel, both the management board and the supervisory board, is planning to remain independent, and I support that."

© Reuters. FILE PHOTO:  AkzoNobel's logo is seen in Amsterdam

Akzo has said that it is studying PPG's latest proposal, which values the company at around 26.9 billion euros (£22.83 billion).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.