Akzonobel’s paint racing has intensified by joining special stock specializations (PE) to Fray to get the unit of India, but also for the South Asian wallet. Sources close to the development said, sources close to the development, sources close to the development, said, stated Busonsline.
Akzonobel wallet in South Asia includes the Dulux mark of paints across countries such as India, Pakistan, Nepal and Sri Lanka.
Meanwhile, for India’s business, JSW Paints (with TPG) and alternative to running, with indigo paint also a potential competitor. She chose Asian paints, BIRLA OPUS, and Berger.
Akzonobel has a very distinct and profitable position in India. He is the fourth largest player here. The ruler of the market value is placed in a range of $ 16,000 -17,000 crushers, and the management expects the outstanding evaluation of India Commercial-4-5X of annual rotation, which is in the range of 4000 rupees.
“Some PE companies have been in contact with the purpose of strategic review and diligence of the portfolio – the entire South Asian business, including India. Some of them look at partners in India as well, or may go alone. Multiple sources said that discussions are underway at the global level.
Warburg Pinkos and Carliel have not yet received inquiries. All three PE companies have previously participated in multiple transactions with Akzo. Akzonobel India did not respond to the mail inquiries from Busonsline.
The Dutch paint maker, Akzo Nobel NV, announced in 2024 a wallet review.
“Discussions”
According to Gregoire Poux – Guillaume (GREG), CEO of Akzo Noble NV, the South Asian portfolio is mainly in India, and despite “strong strong business” and profitability, it has a low market share (less than 10 percent)) . He emphasized that the discussions were with the decorative paint makers of India’s work.
“It moves quickly” and does not have an interest in withdrawing this review, “said Greg.
He also explained that the company does not consider paint work for the powder for strategic review. This will be “an empowerment factor for an ambitious thing on the liquid side (decorative paints).” Crushed paint work, which will be seized by another subsidiary from AKZO and Valutations (in India) is underway.
“The players we are talking to in India are asking players. In fact, many of them are deco players,” Greg said during a recent investor call.
“So we are looking for opportunities to make this work stronger (decorative paints) … along the way to get rid of them. You can see that there are people who give bids.”
Indicators
* Akzonobel is the owner of Dulux Brand of Paints and is the fourth player in India.
*South Asian review, including the ongoing works of India.
* The decorative paints that have been invited to bids are sold
*Paint trading for the powder to be estimated separately and then seized it by another subsidiary of the Dutch parents, Akzo Nobel NV. Akzo NV has 75 % stake in India Biz.
* JSW (in partnership with TPG) and alternative between the first place for PAINTS business in India. Asian paints, Berger and Perlas, have chosen outside the race
* Many PE players have NIW Express for South Asia and India’s business.
* Akzonobel expects the outstanding evaluation of India’s business
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