# AkzoNobel proposes all-share merger with Axalta

Akzo Nobel N.V. proposes an all-share merger of equals with Axalta Coating Systems Ltd. The exchange ratio is 0.6539 AkzoNobel share per Axalta share, with a pro forma ownership split of approximately 55% AkzoNobel / 45% Axalta. The combined business is projected to have revenue of USD 17 billion.

- Type: Acquisition
- Announced: 2026-06-26
- Status: announced
- Products: coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Axalta Coating Systems](https://endata.com/companies/19638.md) (target)
- [Akzo Nobel](https://endata.com/companies/22737.md) (acquirer)

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/AXTA/425-axalta-coating-systems-ltd-business-combination-communication-5fcf3935ad44.html), 2026-06-26: "Akzo Nobel N.V. proposes an all-share merger of equals with Axalta Coating Systems Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.