Just a small deal for AkzoNobel

J

The sale of a former British paint factory by AkzoNobel means a small deal for the paint giant. Experts from KBC Securities write this in a report. The experts point out that the deal will have no effect.
 
Production at the Wexham Road location has been standing still since 2016. The sale raised a total of 75 million euros, with a one-off book profit of 57 million euros. This is put in the books in the second quarter.

KBC maintained its hold advice on the share with a price target of 80 euros. Akzo recorded 0.1 percent lower in early trading on Friday at 81.74 euros.

About the author

Abaigael Schlomski

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories