# AkzoNobel sells Specialty Chemicals to Carlyle Group and GIC for €10.1 billion

AkzoNobel announced the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion, expected to close before end of 2018.

- Type: Acquisition
- Announced: 2018-12-04
- Where: Netherlands
- Value: $11.4B (10.1B EUR)
- Status: announced
- Products: specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Carlyle Group](https://endata.com/companies/458.md) (acquirer)
- [GIC](https://endata.com/companies/7738.md) (acquirer)
- [AkzoNobel](https://endata.com/companies/11242.md) (target)

## Sources

- [waimaotong.com](https://www.waimaotong.com/article/detail/id/5692.html), 2018-12-04: "We delivered on our commitment to separate the Specialty Chemicals business and did so ahead of schedule."

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