# Kansai Nerolac to acquire 55% stake in RAK Paints Bangladesh

Kansai Nerolac Paints has entered into a share purchase agreement to acquire a 55% equity stake in Bangladesh-based RAK Paints for BDT 57.26 crore (approx. Rs 45.81 crore).

- Type: Acquisition
- Announced: 2018-06-19
- Where: Bangladesh
- Value: $6.80M (572.6M BDT)
- Status: announced
- Products: decorative paints, industrial paints
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kansai Nerolac Paints](https://endata.com/companies/32664.md) (acquirer)
- [RAK Paints](https://endata.com/companies/32665.md) (target)

## Sources

- [india.com](https://www.india.com/news/kansai-nerolac-to-acquire-55-stake-in-rak-paints-to-enter-bdesh-3119781/), 2018-06-19: "With this investment in RAK Paints Bangladesh, Kansai Nerolac aims to increase its foot print in the SAARC countries."

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