Update on the UK Competition and Markets Authority’s review of the AkzoNobel-Axalta merger
Key Highlights
- ➤CMA Phase 1 finds UK competition concerns solely in vehicle refinish coatings
- ➤AkzoNobel and Axalta propose divesting AkzoNobel’s European vehicle refinish coatings business
- ➤AkzoNobel and Axalta target merger completion by early 2027
- ➤Combined coatings company expected to generate approximately $17 billion in revenue
AMSTERDAM and PHILADELPHIA, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Akzo Nobel N.V. (AKZA; AKZOY) (“AkzoNobel”) and Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”) are considering the UK Competition and Markets Authority’s (“CMA”) Phase 1 decision regarding their proposed merger. The CMA’s assessment identifies competition concerns solely relating to the supply of vehicle refinish (“VR”) coatings in the UK. AkzoNobel and Axalta aim to address this with the same remedy proposal as included in the decision by the European Commission.
AkzoNobel and Axalta have already agreed with the European Commission on a targeted package of undertakings involving the divestment of AkzoNobel’s European VR coatings business, including its UK business. The companies will continue to engage constructively with both the European Commission and the CMA on this remedy package. AkzoNobel and Axalta remain confident that the merger will be completed by early 2027.
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