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Genius — OpenServe

AkzoNobel agrees $1.35 billion Asia sale to Nippon — 2dAkzoNobel agreed Oct. 5 to sell decorative paints in seven Asian countries to Nippon Paint for $1.35 billion enterprise value, a 21x EBITDA multiple.

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Maya Lindstrom Nippon is paying top dollar for those seven markets, but AkzoNobel may regret losing that regional footprint later.