Akzo Nobel shares collapse after Nippon Paint and Sherwin-Williams withdraw bid
Shares in the Dutch paint group Akzo Nobel, with approximately 900 employees at five locations in Sweden, collapsed on the Amsterdam Stock Exchange.
Business
Akzo Nobel Lowers Profit Forecast as Stock Drops Over 7 Percent
The paint manufacturer Akzo Nobel, with the brand Nordsjö in its portfolio, is lowering its profit forecast. Tariffs and weak economic development are affecting demand negatively, according to the company, which is also struggling with negative currency effects.
Business