# AkzoNobel Sells Southeast Asia Paint Business

> AkzoNobel sells Southeast Asia decorative paints business to Nippon Paint for $1.35 billion.
- Title: AkzoNobel Sells Southeast Asia Paint Business | Shortify
- Summary: AkzoNobel sells Southeast Asia decorative paints business to Nippon Paint for $1.35 billion. AkzoNobel agreed to sell its Southeast Asian decorative paints…
- Keywords: akzonobel, nippon paint, southeast asia, decorative paints, paint business, seattle, nfl, business, finance, Sells, Southeast, Asia
- Source: Business Standard — https://business-standard.com/amp/world-news/akzonobel-to-sell-southeast-asia-business-to-nippon-paint-for-1-35-billion-126100500074_1.html
- Author: Business Standard
- Published: 2026-10-05T02:56:34+00:00
- Read time: 1 min
- Topics: akzonobel, nippon paint, southeast asia, decorative paints, paint business, seattle, nfl, business, finance
## AkzoNobel Announces Sale
AkzoNobel agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, completing a review of its Asian decorative paints portfolio.
## Business Scope
The sale covers decorative paints operations in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia.
## Expected Proceeds
AkzoNobel expects net cash proceeds of about $1 billion after tax and payments to minority partners.
## Previous Divestments
AkzoNobel earlier divested its decorative paints operations in India and Pakistan for $1.6 billion and 50 million euros, respectively.
## CEO Statement
AkzoNobel CEO Greg Poux-Guillaume said the sale is part of a strategy to focus on areas where they can achieve differentiating scale and strengthen their position.
## Timeline for Closing
The Indonesia deal is expected to close separately in late 2026, while the remaining transactions are expected to close around mid-2027.
## Key takeaway

AkzoNobel agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, completing a review of its Asian decorative paints portfolio.