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Akzo Nobel: in merger talks with US group Axalta.

(CercleFinance.com) - Six months after rejecting a takeover approach from US rival PPG, AkzoNobel said on Monday that it has started "constructive discussions" with the US coatings maker Axalta in preparation for a potential merger.

In response to market speculation, this morning AkzoNobel confirmed that it is currently in talks with Axalta regarding a "merger of equals" of their paints and coatings businesses.

AkzoNobel said its specialty chemicals, whose spin-off is on track for completion in April 2018, is unaffected by the discussions.

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