Announced
Financials
Tags
Cross Border
Acquisition
Single Bidder
Building Materials: Other
Japan
Majority
paint
Friendly
Pending
Public
Synopsis
Wuthelam Group, a paint manufacturer, agreed to acquire an additional 21% stake in Nippon Paint, a Japanese paint and paint products manufacturing company, for $12bn. Nippon Paint said it will use the funds raised as well as $945m in cash to buy out Wuthelam from their Asian joint ventures in countries including China, Malaysia and Thailand, as well as acquire Wuthelam’s wholly owned business in Indonesia.
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