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Coatech For Chemical Industries SAE &
Akzo Nobel NV
Update Date: 12/09/08
Date Announced: 10/20/05
Value (million $USD): n/a
Status: Completed
TRANSACTION DETAILS
Date Announced10/20/05
Date Originally Announced10/20/05
FormatAcq. Maj. Int.Acquisition techniquesNot Applicable
AttitudeFriendlyAgencyn/a
Valuen/aAdvisor Feesn/a
SYNOPSIS
EGYPT - Akzo Nobel NV of the Netherlands acquired 60% interest in Coatech For Chemical Industries SAE (CF), a manufacturer of powder coating. Terms were not disclosed. On completion, CF was named Akzo Nobel Powder Coatings SAE.
TARGET
NameCoatech For Chemical Industries SAE
Industriesn/a
Cityn/a
Staten/a
NationEgypt
Incorporated inn/a
Public StatusPrivate
Business DescriptionManufacture powder coating
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameAkzo Nobel NV (EuronextAM : AKZA)
IndustriesIndustrial inorganic chemicals, nec; Pharmaceutical preparations; Drugs, drug proprietaries, and druggists' sundries; Alkalies and chlorine; Cellulosic manmade fibers; Plastics materials and synthetic resins; Synthetic rubber (vulcanizable elastomers)
CityAmsterdam
Staten/a
NationNetherlands
Incorporated inn/a
Public StatusPublic
Business DescriptionAkzo Nobel NV, located in Amsterdam, Netherlands, manufactures decorative paints, powder and specialty coating, car refinishes, marine, aerospace and protective coating and allied products for industrial use, chemicals for polymer productions and processing industry, pulp bleaching chemicals, functional chemicals and surfactants through its coatings and chemicals division. It also offers prescription pharmaceuticals intended for the fertility, gynecology and anesthesia fields through its organon division and animal health products through its intervet division. The company was founded on December 31, 1969.
AdvisorsNULL
Acquiror Sales15.86 billion U.S. Dollar
12.76 billion EURO
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