Nippon Paint makes offers for Akzo Nobel paints unit

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Nippon Paint has made multiple offers for Akzo Nobel's decorative paints business in the past month, Bloomberg reported, citing people familiar with the matter. One proposal last week reportedly valued the unit at about €7.5 billion (roughly $8.55 billion). Reuters could not immediately verify the Bloomberg report, leaving the situation unconfirmed and subject to further disclosure. If confirmed, the bids would signal significant cross-border M&A interest in the decorative paints industry and could prompt market and regulatory attention as the prospective transaction develops.

Nippon Paint proposed about €7.5 billion for Akzo Nobel's paints unit