• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Aerospace Coatings Market

    Energy Curing and Coil Coatings

    Lab/Testing Equipment Update

    High Performance and Special Effect Pigments

    The Wood Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Chemetall Moves Towards Sustainability Goals

    X-Rite Launches Its CiF3200 Imaging Benchtop Spectrophotometer

    BASF Introduces Reactive Polyethylene Glycol Pluriol A 2400 I in Europe

    Teknos Unveils Next-Gen Interior Coatings at Ligna 2025

    ICP Group Appoints Todd Brown as VP of Operations
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    X-Rite Launches Its CiF3200 Imaging Benchtop Spectrophotometer

    Coatings World Interview: Bryan Kirchmer of CRTS Global

    Teknos Unveils Next-Gen Interior Coatings at Ligna 2025

    PPG Launches Clearcoats for Premium Collision Repair Segments

    PPG To Invest $380 Million in Aerospace Coatings Facility
    Additives
    Binders
    Pigments
    Solvents

    BASF Introduces Reactive Polyethylene Glycol Pluriol A 2400 I in Europe

    BASF Becomes First Producer of Renewable Ammonia in Central Europe

    BASF's Intermediates Division Converts European Amines Portfolio to 100% Renewable Electricity

    High Performance and Special Effect Pigments

    Strategic Value Partners and Blantyre Capital Acquire OQ Chemical
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Vibrantz Technologies

    Evonik Corporation

    WAB US Corp

    Shepherd Color Company, The

    Patcham USA
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    RadTech 2025 UV+EB Technology Expo & Conference

    Canadian Coatings Conference

    Paintistanbul & Turkcoat Congress and Exhibition

    Great Lakes Coatings Conference

    Coatings Expo Vietnam 2025
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Vibrantz Technologies

    Evonik Corporation

    WAB US Corp

    Shepherd Color Company, The

    Patcham USA
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    AkzoNobel Returning Additional €5.5 Billion to Shareholders Following Specialty Chemicals Sale

    ...

    AkzoNobel Returning Additional €5.5 Billion to Shareholders Following Specialty Chemicals Sale
    10.02.18
    Akzo Nobel N.V. said shareholders will receive €5.5 billion following completion of the sale of the Specialty Chemicals business. This is in addition to €1 billion advance proceeds distributed by a special cash dividend paid on Dec. 7, 2017.
     
    A total of €6.5 billion will have been distributed to shareholders, delivering on a commitment to return the vast majority of €7.5 billion net proceeds, from the separation of the Specialty Chemicals business.
     
    The additional €5.5 billion proceeds will be distributed using a capital repayment and share consolidation of €2 billion, special cash dividend of €1 billion, and share buyback of €2.5 billion.
     
    "This is a clear sign we are delivering on our commitments and focused on creating value for all our stakeholders as a paints and coatings company,” AkzoNobel CEO Thierry Vanlancker said. "We consulted many shareholders and evaluated various options to determine an optimal and timely way to return the vast majority of net proceeds following the sale of the Specialty Chemicals business."
     
    The capital repayment and share consolidation will be subject to shareholder approval at Nov. 13, 2018’s Extraordinary General Meeting.
     
    The special cash dividend will be paid shortly after the capital repayment and share consolidation has been completed. The share buyback will commence following payment of the special cash dividend and likely be completed during the middle of 2020. Shares will be canceled following repurchase.
     
    Remaining proceeds will be used for the repayment of debt, costs associated with the transformation, and bolt-on acquisitions. The ordinary dividend relevant for AkzoNobel as a focused paints and coatings company is €1.65 per share, as announced on April 19, 2017, and the dividend policy remains “stable to rising.”
     
     
    Related Searches
    • akzonobel
    • coatings
    • paints
    Suggested For You
    AkzoNobel Announces Nov. 13, 2018 Extraordinary General Meeting AkzoNobel Announces Nov. 13, 2018 Extraordinary General Meeting
    AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group, GIC AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group, GIC
    AkzoNobel Acquires Xylazel S.A. AkzoNobel Acquires Xylazel S.A.
    Shaver Named CEO for AkzoNobel Specialty Chemicals Pending Completion of Sale Shaver Named CEO for AkzoNobel Specialty Chemicals Pending Completion of Sale
    AkzoNobel Specialty Chemicals Acquires South American Organic Peroxides Maker AkzoNobel Specialty Chemicals Acquires South American Organic Peroxides Maker
    Akzo Nobel N.V. Publishes 2Q 2018 Results Akzo Nobel N.V. Publishes 2Q 2018 Results
    AkzoNobel Specialty Chemicals Breaks Ground on €90-million Organic Peroxide Site in China AkzoNobel Specialty Chemicals Breaks Ground on €90-million Organic Peroxide Site in China
    AkzoNobel Specialty Chemicals Plans Second Chloromethanes Capacity Increase in Frankfurt AkzoNobel Specialty Chemicals Plans Second Chloromethanes Capacity Increase in Frankfurt
    AkzoNobel AkzoNobel
    An Ever-Changing Industry An Ever-Changing Industry
    AkzoNobel Specialty Chemicals Celebrates 10 Years at Ningbo Site AkzoNobel Specialty Chemicals Celebrates 10 Years at Ningbo Site
    AkzoNobel Completes Digital Color Recreation of Famous Van Gogh Painting AkzoNobel Completes Digital Color Recreation of Famous Van Gogh Painting
    AkzoNobel Makes Progress on Transformation into AkzoNobel Makes Progress on Transformation into 'Focused' Paints, Coatings Company
    AkzoNobel Art Foundation Finds AkzoNobel Art Foundation Finds 'Common Ground' with New Exhibition

    Related Breaking News

    • Breaking News
      AkzoNobel Announces Nov. 13, 2018 Extraordinary General Meeting

      AkzoNobel Announces Nov. 13, 2018 Extraordinary General Meeting

      ...
      10.02.18

    • Breaking News | Industry News
      AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group, GIC

      AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group, GIC

      ...
      10.01.18

    • Breaking News | Paint & Coatings Manufacturer News
      AkzoNobel Acquires Xylazel S.A.

      AkzoNobel Acquires Xylazel S.A.

      ...
      09.20.18


    • Breaking News | People in the News
      Shaver Named CEO for AkzoNobel Specialty Chemicals Pending Completion of Sale

      Shaver Named CEO for AkzoNobel Specialty Chemicals Pending Completion of Sale

      ...
      08.30.18

    • Breaking News | Industry News
      AkzoNobel Specialty Chemicals Acquires South American Organic Peroxides Maker

      AkzoNobel Specialty Chemicals Acquires South American Organic Peroxides Maker

      ...
      07.20.18

    Loading, Please Wait..
    Breaking News
    • Chemetall Moves Towards Sustainability Goals
    • X-Rite Launches Its CiF3200 Imaging Benchtop Spectrophotometer
    • BASF Introduces Reactive Polyethylene Glycol Pluriol A 2400 I in Europe
    • ICP Group Appoints Todd Brown as VP of Operations
    • Teknos Unveils Next-Gen Interior Coatings at Ligna 2025
    View Breaking News >
    CURRENT ISSUE

    April 2025

    • The Wood Coatings Market
    • The Importance of Utilizing Sustainability-Driven Innovation
    • Coating Resins Market
    • View More >