Akzo’s Buechner Has No Plans to Split Up Company, Dagblad Says

Akzo Nobel NV (AKZA) Chief Executive Officer Ton Buechner has no plans to split up the company, separating its coatings and specialty chemicals businesses, he said in an interview in Het Financieele Dagblad.

Akzo has ’’good, strong’’ positions in both markets, Buechner, who became CEO April 23, said, according to the newspaper. The company hasn’t made a decision on the future of its unprofitable U.S. Decorative Paints unit, the newspaper added, citing Buechner.

To contact the reporter on this story: Maaike Noordhuis in Amsterdam at mnoordhuis@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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