UK Competition Watchdog Considers In-Depth Review of Akzo Nobel’s $25 Billion Axalta Deal

To avoid an in-depth investigation - which could stop or delay the deal - the authority requires the companies to take measures to reduce the merger’s anti-competitive effects, according to a statement.

Earlier in November, the companies received the EU’s green light for the deal, on condition that Akzo Nobel divest certain assets.

Akzo Nobel - whose brands include Nordsjö, International and Sikkens - has around 900 employees at five locations in Sweden, according to the company’s website.