# Lanxess and Apollo bid for Akzo Nobel's specialty chemicals division

Lanxess, together with private equity firm Apollo, is bidding for parts of Akzo Nobel's specialty chemicals division, valued at EUR 8-12 billion. Other consortia are also bidding.

- Type: Acquisition
- Announced: 2017-12-21
- Where: Netherlands
- Status: rumored
- Products: specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Apollo Global Management](https://endata.com/companies/3851.md) (investor)
- [LANXESS](https://endata.com/companies/15514.md) (acquirer)
- [Akzo Nobel](https://endata.com/companies/22737.md) (target)

## Sources

- [european-coatings.com](https://www.european-coatings.com/news/markets-companies/lanxess-plans-to-buy-specialty-chemicals-division-of-akzo-nobel/), 2017-12-21: "Cologne-based chemical company Laxness, together with US financial investor Apollo, is bidding for choice parts of the specialty chemicals division of Dutch company Akzo Nobel."

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