CMA Investigates Anticipated Merger Between AkzoNobel and Axalta

✦ Meridian Analysis

The CMA is investigating the anticipated merger between Akzo Nobel N.V. and Axalta Coating Systems Ltd., a deal that remains at the rumour stage and is under regulatory review in the United Kingdom. No lenders or financing structures have been disclosed, and the exact mechanics—whether a cash payment, share swap or a mixed consideration—have not been made public. Stakeholders will be watching the CMA’s next steps, including any undertakings offered by the parties and the timetable for a full phase‑2 inquiry. Details of the purchase price, valuation multiples, financing package and the advisers involved have not been disclosed, and their emergence will shape the deal’s final structure and any subsequent financing activity.

The Meridian Weekly