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.