# Akzo Nobel India sells speciality chemicals business to affiliate for Rs 320 crore

Akzo Nobel India signed a definitive agreement to divest its speciality chemicals business to Akzo Nobel Chemicals India Pvt Ltd for Rs 320 crore. The transaction is expected to complete by March 31, 2018.

- Type: Acquisition
- Announced: 2018-02-16
- Where: Mahad, India, India
- Value: $49.7M (3.20B INR)
- Status: announced
- Products: polymer chemistry products, surface chemistry products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Akzo Nobel India](https://endata.com/companies/30122.md) (target)
- [Akzo Nobel Chemicals India](https://endata.com/companies/30123.md) (acquirer)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/akzo-nobel-sells-speciality-chemicals-business-for-rs-320-cr/article22771461.ece), 2018-02-16: "A definitive agreement for sale of the company’s speciality chemicals business to Akzo Nobel Chemicals India Pvt Ltd has been executed on Feb 15, 2018."

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