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Blackstone joins race to buy Akzo's paints biz
Business Standard
|February 19, 2025
American private equity giant Blackstone Inc. has entered the race to acquire the paints business of Akzo Nobel, which sells its products under the 'Dulux' brand.
JSW Group and Pidilite have also shown interest in the company. Non-binding offers from all interested parties are expected by mid-March, with more private equity firms anticipated to join the race, according to a source close to the development.
While JSW Group is not expected to make an aggressive offer, Kolkata-based Berger Paints has already dropped out of the race citing high valuation.
Blackstone declined to comment.
Esta historia es de la edición February 19, 2025 de Business Standard.
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